Oaktree and Senator bolster Star Bulk holdings

Oaktree and Senator bolster Star Bulk holdings

Leading private equity names are investing more in Nasdaq-listed Greek owner Star Bulk Carriers. Oaktree Capital Management and Senator Investor Group have come in for a combined $51.5m of shares in the dry bulk owner via a private placement due to close early next month.

Star Bulk said it intends to use the net proceeds of the offering for general corporate purposes.

Oaktree and Senator are expected to own approximately 51.4% and 6.5 %, respectively, of the company’s outstanding common shares come next month.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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