Greece's Star Bulk Carriers could target new vessel acquisitions with the $50m proceeds of a notes sale. Greece's Star Bulk Carriers said on Friday it had completed an issue of debt carrying interest of 8% and maturing in 2019.
The deal was underwritten by Morgan Stanley, Stifel, Jefferies and Deutsche Bank Securities, which have a 30-day option to buy another $7.5m of the notes.
Raised money will be used for financing of possible acquisitions, repayment of debt or buy-backs. Star Bulk Carriers,
the Athens-based owner, will have a fleet of more than 100 bulkers when it completes the acquisition of vessels from Excel Maritime Carriers and Oceanbulk.
Dry Bulk Shipping News - Shipbroker Notes