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Star Bulk Carriers Corp., 8.00% Senior Notes Due 11/15/2019
Ticker Symbol: SBLKL* CUSIP: Y8162K139 Exchange: NGS
* NOTE: This security is no longer trading as of 12/11/2017
Security has been Called for: Monday, December 11, 2017
A QOL user has informed us that the 8.00% senior notes have been called for 12/11/2017. The prospectus for the 8.30% senior notes filed with the SEC on 11/8/2017 contained the following statement: "We intend to use the proceeds from our sale of Notes in this offering to redeem in full our 8.00% Senior Notes due 2019, which mature in November 2019. We expect to use cash on hand to pay any related fees and expenses." so we are assuming the the call information is correct.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Star Bulk Carriers Corp., 8.00% Senior Notes Due 2019, issued in $25 denominations, redeemable at the issuer's option on or after 11/15/2016 at $25 per note plus accrued and unpaid interest, and maturing 11/15/2019. Interest distributions of 8.00% per annum ($2.00 per annum or $0.50 per quarter) will be paid quarterly on 2/15, 5/15, 8/15 & 11/15 to holders of record on the record date that will be 2/1, 5/1, 8/1 & 11/1 respectively (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Prior to 11/15/2016, the Notes may be redeemed at the Company’s option at a price equal to the principal amount of the Notes to be redeemed plus a make-whole premium and accrued and unpaid interest. Upon the occurrence of certain change of control events, the holder will have the right to require the issuer to repurchase some or all of the Notes at 101% of the principal amount, plus accrued and unpaid interest (see prospectus for further information). At the issuers option they may redeem the Notes at any time in the event of certain changes in the law of any Specified Tax Jurisdiction that would require the issuer to pay Additional Amounts to holders of the Notes (see prospectus for further information). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. This security was not rated by Moody’s or S&P at the time of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (SBLK)
IPO - 11/6/2014 - 2.00 Million Notes @ $25.00/note.
Link to IPO Prospectus
Market Value $49.2 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Foreign Address and Phone Numbers |
| Address: 40, Agiou Konstantinou Str., Maroussi 15124 Athens, Greece |
| Main Phone Number |
011-30-210-617-8400 |
| Address and Phone Numbers |
| U.S. Representative |
N.A. |
| Address: |
| Main Phone Number |
Not Available |
| Fax Number |
Not Available |
| Investor Contact
Nicolas Bornozis - Capital Link, Inc.
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212-661-7566
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| CEO - Petros Pappas |
CFO - Christos Begleris |
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