Star Bulk Carriers Corp. (NasdaqGS:SBLK) announced that it has entered into agreements for private placement of 6,310,272 common shares at $8.154 per share for gross proceeds of approximately $51,453,957.888 on January 23, 2017. The transaction will include participation from new investor Senator Investment Group LP and returning investor Oaktree Capital Management, L.P. The company expects to close the transaction by early February 2017. Upon completion of the transaction, Senator Investment Group LP will own 6.5% stake in the company’s outstanding common shares and Oaktree Capital Management, L.P. will own approximately 51.4% stake in the company’s outstanding common shares.