Star Bulk Carriers Corp. renews ATM equity offering programs
What happened
Star Bulk Carriers Corp. renewed its existing At-The-Market equity offering programs, which were originally established in July 2021 and previously amended in April 2022. The renewal is due to the expiration of the shelf registration statement and does not expand the program size. The company entered into sales agreements with Deutsche Bank Securities Inc. for up to $41,371,110 and with Jefferies LLC for up to $75,000,000, covering the unused capacity of the existing programs.
From manilatimes.net
Why it matters
The company is raising equity to secure funding for its fleet acquisitions. The renewal of the ATM programs allows Star Bulk Carriers Corp. to continue raising capital through the sale of common shares to support its expansion strategy.
Star Bulk Carriers Corp. is raising equity to secure funding for its fleet acquisitions.
From manilatimes.net
Who's involved
- Deutsche Bank Securities Inc.Facilitated the offer and sale of common shares for Star Bulk Carriers Corp.
- Jefferies Financial GroupFacilitated the offer and sale of common shares for Star Bulk Carriers Corp.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Deutsche Bank Securities Inc.Speculative
Deutsche Bank Securities Inc. could see changes in revenue from underwriting the renewed ATM sales agreements.
- Jefferies Financial GroupSpeculative
Jefferies Financial Group could see changes in revenue from underwriting the renewed ATM sales agreements.
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The entities involved
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Deutsche Bank Securities Inc.
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