Simpson Thacher Represents Morgan Stanley in Block Trade by Selling Shareholder of Star Bulk
07.11.18
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Simpson Thacher represented Morgan Stanley & Co. LLC as underwriter in connection with a block trade by Oaktree Dry Bulk Holdings LLC (the “Selling Shareholder”) of 5,000,000 shares of common shares of Star Bulk Carriers Corp. (“Star Bulk”), resulting in aggregate proceeds of $64 million to the Selling Shareholder.
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.
The Simpson Thacher team included Lesley Peng and Ashley Yoon (Capital Markets); Jasmine Hay (Tax); Larry Moss and Stephan Bradley (Executive Compensation and Employee Benefits); and Andrew Pagliughi (Blue Sky and FINRA).