Oaktree-controlled Star Bulk Carriers has completed a share issue which leaves it with net cash of $50.2m.
The Nasdaq-listed bulker owner said it sold 11.97m shares at $4.30 each, with the money going towards general corporate purposes.
The price represented an 8% discount to the previous closing price of $4.67 per share.
The sale was required as part of a deal with lenders to defer some $224m in loan payments.
Oaktree
