Simpson Thacher represented the underwriters, led by Morgan Stanley & Co. LLC, Stifel, Nicolaus and Company, Incorporated, Jefferies, LLC and Deutsche Bank Securities Inc., in an offering of $50 million in aggregate principal amount of 8.00% Senior Notes due 2019 (the “Notes”) by Star Bulk Carriers Corp. (“Star Bulk”). The underwriters have the right to purchase up to an additional $7.5 million in aggregate principal amount of Notes.
Proceeds from the offering are expected to be used for general corporate purposes.
Star Bulk is an international shipping company with extensive operational experience that owns and operates a fleet of dry bulk carrier vessels.
The Simpson Thacher team included Lesley Peng, Jeremy Barr and John Tracy (Capital Markets); Jonathan Cantor and Michael Cardella (Tax); Jeannine McSweeney (Executive Compensation and Employee Benefits); Adeeb Fadil and Noreen Lavan (Environmental); and Andrew Pagliughi (Blue Sky and FINRA).