Star Bulk Announces Conversion of All Eagle Bulk Convertible Notes
Star Bulk(SBLK) Newsfilter·2024-08-02 01:00
ATHENS, Greece, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ:SBLK), today announced that all the 5% Convertible Senior Notes, issued in July 2019 by our wholly-owned subsidiary, Eagle Bulk Shipping Inc. ("Convertible Notes'') maturing on August 1, 2024, were converted into 5,971,290 newly issued shares of Star Bulk common stock, basis a conversion ratio of 86.0801 shares of Star Bulk common stock per $1,000 principal amount of Convertible Notes. According ...