Star bulk announces conversion of all eagle bulk convertible notes

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. accordingly, the company will proceed to the cancellation of all the convertible notes.
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