Oaktree Affiliate Discloses Star Bulk Carriers Stake

TL;DR

**Oaktree affiliate OCM Opps EB Holdings Ltd. just dropped a 13D on Star Bulk Carriers (SBLK). Big stake incoming.**

AI Summary

OCM Opps EB Holdings Ltd., an affiliate of Oaktree Capital Management, L.P., filed a Schedule 13D on April 12, 2024, disclosing its beneficial ownership of Star Bulk Carriers Corp. common shares. The filing indicates a significant stake, triggering the reporting requirement for holders of more than 5% of a company's stock.

Why It Matters

This filing signals a substantial investment by Oaktree Capital Management in Star Bulk Carriers, potentially influencing the company's strategic direction or future corporate actions.

Risk Assessment

Risk Level: medium — The filing indicates a significant ownership stake by a major investment firm, which could lead to activist involvement or strategic shifts.

Key Players & Entities

• OCM Opps EB Holdings Ltd. (company) — Filing entity
• Oaktree Capital Management, L.P. (company) — Affiliated investment firm
• Star Bulk Carriers Corp. (company) — Subject company
• Richard Ting (person) — General Counsel & Managing Director at Oaktree Capital Management

FAQ

Key Financial Figures

• $0.01 — me of Issuer) Common Shares, par value $0.01 per share (Title of Class of Securitie

Filing Documents

• ef20026874_sc13d.htm (SC 13D) — 51KB
• 0001140361-24-019704.txt ( ) — 53KB

From the Filing

SC 13D 1 ef20026874_sc13d.htm SC 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 240.13d-l(a) AND AMENDMENTS THERETO FILED PURSUANT TO 240.13d-2(a) (Amendment No.)* Star Bulk Carriers Corp. (Name of Issuer) Common Shares, par value $0.01 per share (Title of Class of Securities) Y8162K121 (CUSIP Number) Richard Ting General Counsel & Managing Director Oaktree Capital Management, L.P. 333 S. Grand Avenue, 28th Floor Los Angeles, CA 90071 (213) 830-6300 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 9, 2024 (Date of Event Which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-l(e), 240.13d-l(f) or 240.13d-l(g), check the following box. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See 240 13d-7 for other parties to whom copies are to be sent. 1 The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. * information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes'). 1 NAMES OF REPORTING PERSONS OCM Opps EB Holdings, Ltd. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) AF 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 0 8 SHARED VOTING POWER 2,880,115 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 2,880,115 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,880,115 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.44% (1) 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO (1) Calculated assuming 117,818,891 shares of Issuer common stock ("Common Shares") outstanding based upon (i) 84,016,892 Common Shares outstanding as of December 31, 2023, as reported on the Issuer's Form 20-F filed on March 13, 2024 (the "Form 20-F"), as increased by (ii) 33,801,999 Common Shares that were expected to be issued in connection with the Merger (as described and defined in Item 4 herein), as reported in the Issuer's Prospectus filed February 12, 2024 (the "Prospectus"). Item 1. Security and Issuer This statement of beneficial ownership on Schedule 13D relates to the Common Shares of Star Bulk Carriers Corp., a Republic of the Marshall Islands corporation (the "Issuer") and shall further be deemed to be an amendment and exit filing of the Schedule 13G filed by the Reporting Person regarding common shares of Eagle Bulk Shipping Inc. ("Eagle Bulk"), which were exchanged for the securities reported herein pursuant to the Merger (as defined and described in Item 4) pursuant to which Eagle Bulk became a wholly-owned subsidiary of the Issuer. The address of the principal executive offices of the Issuer is c/o Star Bulk Management Inc., 40 Agiou Konstantinou Street, 15124 Maroussi, Athens, Greece. Item 2. Identity and Background (a)-(c), (f) This Schedule 13D is filed by OCM Opps EB Holdings, Ltd. ("EB Holdings"), referred to herein as the "Reporting Person." The principal business of the EB Holdings is operations as private investment funds and related separate accounts and holdings companies. The principal business address of EB Holdings is 333 S. Grand Avenue, 28th Floor, Los Angeles, CA 90071. (d)-(e) During the last five years, the Reporting Person has not been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors). During the last five years, the Reporting Person has not been party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. Item 3. Source and Amount of Funds or Other Consideration The information set forth in Item 4 of this Schedule 13D is incorporated herein by reference. As described

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