|
☐
|
Rule 13d-1(b)
|
|
☒
|
Rule 13d-1(c)
|
|
☐
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Rule 13d-1(d)
|
CUSIP No. Y8162K121
|
SCHEDULE 13G |
Page 2 of 7
|
1
|
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Excel Maritime Carriers LLC
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) o
(b) ☒
|
3
|
SEC USE ONLY
|
|
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Liberia
|
NUMBER OF
SHARES
BENEFICIALLY OWNED
BY EACH REPORTING
PERSON
WITH
|
5
|
SOLE VOTING POWER
0
|
6
|
SHARED VOTING POWER
1,245,194
|
|
7
|
SOLE DISPOSITIVE POWER
0
|
|
8
|
SHARED DISPOSITIVE POWER
1,245,194
|
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,245,194
|
|
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|
o |
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.6% (1)
|
|
12
|
TYPE OF REPORTING PERSON
OO
|
(1) |
Based on 219,105,712 as of November 25, 2015.
|
CUSIP No. Y8162K121
|
SCHEDULE 13G |
Page 3 of 7
|
1
|
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Excel Maritime Holding Company LLC
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) o
(b) ☒
|
3
|
SEC USE ONLY
|
|
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Marshall Islands
|
NUMBER OF
SHARES
BENEFICIALLY OWNED
BY EACH REPORTING
PERSON
WITH
|
5
|
SOLE VOTING POWER
0
|
6
|
SHARED VOTING POWER
1,245,194
|
|
7
|
SOLE DISPOSITIVE POWER
0
|
|
8
|
SHARED DISPOSITIVE POWER
1,245,194
|
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,245,194
|
|
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|
o |
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.6%
|
|
12
|
TYPE OF REPORTING PERSON
HC
|
CUSIP No. Y8162K121
|
SCHEDULE 13G |
Page 4 of 7
|
Item 1(a)
|
Name of Issuer:
|
|
|
|
The name of the issuer is Star Bulk Carriers Corp (the “Company”).
|
|
|
Item 1(b)
|
Address of Issuer's Principal Executive Offices:
|
|
|
|
The Company’s principal executive offices are located at 40 Agiou Konstantinou Str., Maroussi 15124, Athens, Greece.
|
|
|
Item 2(a)
|
Name of Person Filing:
|
|
|
|
This statement is filed by Excel Maritime Carriers LLC, a company organized under the laws of Liberia (“Excel”) and Excel Maritime Holding Company LLC, a company organized under the laws of the Marshall Islands (“Excel Holdings” and, together with Excel, the “Reporting Persons” and each, a “Reporting Person”). Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party.
|
|
|
Item 2(b)
|
Address or Principal Business Office:
|
|
|
|
The address of the business office of Excel is Par La Ville Place, 14 Par La Ville Road, Hamilton HM JX Bermuda.
The address of the business office of Excel Holdings is c/o The Trust Company of the Marshall Islands, Inc., Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960.
|
|
|
Item 2(c)
|
Citizenship:
|
|
|
|
Excel is organized under the laws of Liberia.
Excel Holdings is organized under the laws of the Marshall Islands.
|
|
|
Item 2(d)
|
Title of Class of Securities:
|
|
|
|
Common Stock, par value $0.01 per share (the “Common Stock”)
|
Item 2(e)
|
CUSIP Number:
|
|
|
|
Y8162K121
|
CUSIP No. Y8162K121
|
SCHEDULE 13G |
Page 5 of 7
|
Item 3
|
If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:
|
|
(a)
|
☐
|
Broker or dealer registered under Section 15 of the Act,
|
|
|
|
|
|
(b)
|
☐
|
Bank as defined in Section 3(a)(6) of the Act,
|
|
|
|
|
|
(c)
|
☐
|
Insurance Company as defined in Section 3(a)(19) of the Act,
|
|
(d)
|
☐
|
Investment Company registered under Section 8 of the Investment Company Act of 1940,
|
|
|
|
|
|
(e)
|
☐
|
Investment Adviser in accordance with Rule 13d-1 (b)(1)(ii)(E),
|
|
|
|
|
|
(f)
|
☐
|
Employee Benefit Plan or Endowment Fund in accordance with 13d-1 (b)(1)(ii)(F),
|
|
|
|
|
|
(g)
|
☐
|
Parent Holding Company or control person in accordance with Rule 13d-1(b)(1)(ii)(G),
|
|
|
|
|
|
(h)
|
☐
|
Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act,
|
|
|
|
|
|
(i)
|
☐
|
Church Plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940,
|
|
|
|
|
|
(j)
|
☐
|
Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
|
|
If this statement is filed pursuant to Rule 13d-1(c), check this box: ☒
|
|
|
Item 4
|
Ownership:
|
|
|
(a) Amount beneficially owned: 1,245,194
|
|
|
|
|
|
|
|
(b) Percent of class: 0.6%
|
|
|
|
|
|
|
|
(c)
|
(i) Sole power to vote or direct the vote: -0-
|
|
|
|
|
|
|
|
(ii) Shared power to vote or direct the vote: 1,245,194
|
|
|
|
|
|
|
|
(iii) Sole power to dispose or direct the disposition: -0-
|
|
|
|
|
|
|
|
(iv) Shared power to dispose or direct the disposition: 1,245,194
|
Item 5
|
Ownership of Five Percent or Less of a Class:
|
|
|
|
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following: ☒
|
Item 6 |
Ownership of More than Five Percent on Behalf of Another Person:
|
|
Excel expects to distribute the shares of Common Stock it owns to Excel Holdings, which will then distribute the shares of Common Stock to its equityholders, which include entities affiliated with Oaktree Capital Management, L.P. and entities affiliated with Angelo, Gordon & Co.
|
CUSIP No. Y8162K121
|
SCHEDULE 13G |
Page 6 of 7
|
Item 7
|
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company:
|
|
|
|
Not Applicable
|
|
|
Item 8
|
Identification and Classification of Members of the Group:
|
|
|
|
Not Applicable
|
|
|
Item 9
|
Notice of Dissolution of Group:
|
|
|
|
Not Applicable
|
|
|
Item 10
|
Certification:
|
|
|
|
Each of the Reporting Persons hereby makes the following certification:
|
|
|
|
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
|
CUSIP No. Y8162K121
|
SCHEDULE 13G |
Page 7 of 7
|
EXCEL MARITIME CARRIERS LLC | |||
|
By:
|
/s/ Pavlos Kanellopoulos | |
Name: Pavlos Kanellopoulos | |||
Title: Chief Financial Officer | |||
EXCEL MARITIME HOLDING COMPANY LLC | |||
|
By:
|
/s/ Pavlos Kanellopoulos | |
Name: Pavlos Kanellopoulos | |||
Title: Chief Financial Officer | |||