Star Bulk Carriers priced some $51.5m in new equity, which is being required as part of a just announced deal with lenders to defer some $224m in loan payments.
The Petros Pappas-led bulker owner said it will price 11.9 million shares at $4.30 per share. The offering is expected to close on 20 September. The price represents an 8% discount to yesterday's closing price of $4.67
