Financing ·
Star Bulk Carriers Corp. announced an equity offering of up to 4,400,000 new common shares in Greece for gross…
SBLKStar Bulk Carriers Corp.
Star Bulk Carriers Corp. announced an equity offering of up to 4,400,000 new common shares in Greece for gross proceeds of up to €112.2 million at a maximum price of €25.50 per share. Net proceeds are estimated at approximately €104.9 million after expenses and will fund remaining capital expenditures for three newbuilding Kamsarmax vessels totaling $65.8 million, as well as future vessel acquisitions. The company is also admitting its common shares to a parallel listing on Euronext Athens, with trading expected to commence on September 16, 2026. Additionally, Star Bulk cancelled 313,894 treasury shares and took delivery of two new vessels in August 2026 for $70.2 million. The company operates in the international dry bulk shipping industry.