Star Bulk renews ATM equity offering programs with Deutsche Bank, Jefferies totaling $116.37 million
SBLK•Star Bulk renewed its at-the-market equity offering programs with Deutsche Bank and Jefferies, covering up to $41.37 million and $75 million of common shares, respectively. The combined capacity matches the unused amounts under the prior programs, leaving overall program size unchanged.
1. Renewed offering programs
Star Bulk renewed its at-the-market equity distribution programs after its prior shelf registration statement expired. A second amended and restated sales agreement with Deutsche Bank covers up to $41.37 million of common shares, while a separate agreement with Jefferies covers up to $75 million. The company filed two prospectus supplements with the SEC for the renewed programs.
