Star Bulk Carriers Corp. announces pricing of secondary public offering of 5,000,000 common shares

Athens, Greece - June 27, 2018

Star Bulk Carriers Corp. (the “Company” or “Star Bulk”) (Nasdaq: SBLK) today announced the pricing of a secondary public offering of 5,000,000 of the Company’s common shares by a fund affiliated with Oaktree Capital Management, L.P. (the “Selling Shareholder”) at a price to the public of $13.10 per share. The offering is expected to close on June 29, 2018, subject to customary conditions. Following the offering, the funds affiliated with Oaktree Capital Management, L.P. are expected to beneficially own approximately 43% of the Company’s common shares. The Company is not selling any common shares and will not receive any proceeds from the offering.

Morgan Stanley is acting as book-running manager for the offering. The offering will be made only by means of a prospectus supplement and accompanying base prospectus related to the offering, copies of which may be obtained from Morgan Stanley, 180 Varick Street, 2nd Floor, New York, NY 10014, Attention: Prospectus Department.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein and there shall not be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. A shelf registration statement relating to the offering of the common stock was filed with the U.S. Securities and Exchange Commission and is effective.


Star Bulk Carriers Corp. announces secondary public offering of common shares

Athens, Greece - June 26, 2018

Star Bulk Carriers Corp. (the “Company” or “Star Bulk”) (Nasdaq: SBLK) today announced the commencement of a secondary public offering of 5,000,000 of the Company’s common shares by a fund affiliated with Oaktree Capital Management, L.P. (the “Selling Shareholder”). Following the offering, the funds affiliated with Oaktree Capital Management, L.P. are expected to beneficially own approximately 43% of the Company’s common shares. The Company is not selling any common shares and will not receive any proceeds from the offering.

The underwriter for the offering may offer the shares for sale from time to time in one or more transactions on NASDAQ, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.

Morgan Stanley is acting as book-running manager for the offering. The offering will be made only by means of a prospectus supplement and accompanying base prospectus related to the offering, copies of which may be obtained from Morgan Stanley, 180 Varick Street, 2nd Floor, New York, NY 10014, Attention: Prospectus Department.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein and there shall not be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. A shelf registration statement relating to the offering of the common stock was filed with the U.S. Securities and Exchange Commission and is effective.

About Star Bulk
Star Bulk is a global shipping company providing worldwide seaborne transportation solutions in the dry bulk sector. Star Bulk’s vessels transport major bulks, which include iron ore, coal and grain, and minor bulks, which include bauxite, fertilizers and steel products. Star Bulk was incorporated in the Marshall Islands on December 13, 2006 and maintains executive offices in Athens, Greece. Its common stock trades on the Nasdaq Global Select Market under the symbol “SBLK”. On a fully delivered basis, Star Bulk will have a fleet of 108 vessels, with an aggregate capacity of 12.26 million dwt, consisting of 17 Newcastlemax, 18 Capesize, 2 Mini Capesize, 7 Post Panamax, 35 Kamsarmax, 2 Panamax, 16 Ultramax and 11 Supramax vessels with carrying capacities between 52,055 dwt and 209,537 dwt.

Star Bulk Carriers Corp. press release