Filing Details

Accession Number:
0000950142-16-004521
Form Type:
13D Filing
Publication Date:
2016-09-29 16:53:07
Filed By:
Oaktree Capital Management
Company:
Star Bulk Carriers Corp (NASDAQ:SBLK)
Filing Date:
2016-09-29
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Oaktree Value Opportunities Fund 1,316,498 1,316,498 1,316,498 2.4%
Filing


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No. 8)*

Star Bulk Carriers Corp.
(Name of Issuer)
 
Common Stock, par value $0.01 per share
(Title of Class of Securities)
 
Y8162K121
(CUSIP Number)
 
Todd E. Molz
Managing Director and General Counsel
Oaktree Capital Group Holdings GP, LLC
333 South Grand Avenue, 28th Floor
Los Angeles, California 90071
(213) 830-6300
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
 
September 20, 2016
(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-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o
 
Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See § 240.13d-7(b) for other parties to whom copies are to be sent.
 
*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.

The 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).
 


 
CUSIP No. Y8162K121
 
SCHEDULE 13D
Page 2 of 39
 
 
1
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
Oaktree Value Opportunities Fund, L.P.
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)  o
(b)  o
3
SEC USE ONLY
 
 
 
4
SOURCE OF FUNDS
 
OO (See Item 3)
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
 
o
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Cayman Islands
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH
7
SOLE VOTING POWER
 
1,316,498 (1)
8
SHARED VOTING POWER
 
None
9
SOLE DISPOSITIVE POWER
 
1,316,498 (1)
10
SHARED DISPOSITIVE POWER
 
None
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
1,316,498 (1)
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
2.4% (2)
 
14
TYPE OF REPORTING PERSON
 
PN
 

_________________
(1)
In its capacity as the direct owner of 1,316,498 shares of common stock of the Issuer.

(2)
Ownership percentages set forth in this Schedule 13D are based upon a total of 56,070,857 common shares of the Issuer issued and outstanding, as reported in the Issuer’s prospectus supplement filed pursuant to Rule 424(b)(5) under the Securities Act of 1933, as amended, with the Securities and Exchange Commission on September 15, 2016.
 
 
OCM FIE, LLC
 
       
       
  By:
/s/ Jordan Mikes
 
   
Name: Jordan Mikes
 
   
Title:   Authorized Signatory
 
       
 
ANNEX A
Oaktree Capital Group Holdings GP, LLC
Oaktree Capital Group Holdings GP, LLC is managed by an executive committee. The name and principal occupation of each of the members of the executive committee of Oaktree Capital Group Holdings GP, LLC and its executive officers are listed below.
Name
Principal Occupation
   
Howard S. Marks
Co-Chairman and Director of Oaktree Capital Group, LLC and Co-Chairman of Oaktree Capital Management, L.P.
 
Bruce A. Karsh
Co-Chairman, Chief Investment Officer and Director of Oaktree Capital Group, LLC and Co-Chairman and Chief Investment Officer of Oaktree Capital Management, L.P.
 
Jay S. Wintrob
Chief Executive Officer and Director of Oaktree Capital Group, LLC and Chief Executive Officer of Oaktree Capital Management, L.P.
 
John B. Frank
Vice Chairman and Director of Oaktree Capital Group, LLC and Vice Chairman of Oaktree Capital Management, L.P.
 
David M. Kirchheimer
Chief Financial Officer, Principal and Director of Oaktree Capital Group, LLC and Chief Financial Officer and Principal of Oaktree Capital Management, L.P.
 
Sheldon M. Stone
Principal and Director of Oaktree Capital Group, LLC and Principal of Oaktree Capital Management, L.P.
 
Stephen A. Kaplan
Principal and Director of Oaktree Capital Group, LLC and Principal of Oaktree Capital Management, L.P.


Oaktree Capital Group, LLC
The name and principal occupation of each of the directors and executive officers of Oaktree Capital Group, LLC are listed below.
Name
Principal Occupation
 
Howard S. Marks
Co-Chairman and Director of Oaktree Capital Group, LLC and Co-Chairman of Oaktree Capital Management, L.P.
 
Bruce A. Karsh
Co-Chairman, Chief Investment Officer and Director of Oaktree Capital Group, LLC and Co-Chairman and Chief Investment Officer of Oaktree Capital Management, L.P.
 
Jay S. Wintrob
Chief Executive Officer and Director of Oaktree Capital Group, LLC and Chief Executive Officer of Oaktree Capital Management, L.P.
 
John B. Frank
Vice Chairman and Director of Oaktree Capital Group, LLC and Vice Chairman of Oaktree Capital Management, L.P.
 
David M. Kirchheimer
Chief Financial Officer, Principal and Director of Oaktree Capital Group, LLC and Chief Financial Officer and Principal of Oaktree Capital Management, L.P.
 
Sheldon M. Stone
Principal and Director of Oaktree Capital Group, LLC and Principal of Oaktree Capital Management, L.P.
 
Stephen A. Kaplan
Principal and Director of Oaktree Capital Group, LLC and Principal of Oaktree Capital Management, L.P.
 
Robert E. Denham
Partner in the law firm of Munger, Tolles & Olson LLP
 
Larry W. Keele
 Retired
 
D. Richard Masson
Owner and general manager of Golden Age Farm, LLC

 
 
Name
 
Principal Occupation
Wayne G. Pierson
President of Acorn Investors, LLC and Principal of Clifford Capital Partners, LLC
 
Marna C. Whittington
Retired
 
Todd E. Molz
General Counsel, Chief Administrative Officer and Secretary of Oaktree Capital Group, LLC and General Counsel and Chief Administrative Officer of Oaktree Capital Management, L.P.
 
Susan Gentile
Chief Accounting Officer and Managing Director of Oaktree Capital Group, LLC and Chief Accounting Officer and Managing Director of Oaktree Capital Management, L.P.
   
Oaktree Holdings, Inc.
The name and principal occupation of each of the directors and executive officers of Oaktree Holdings, Inc. are listed below:
Name
 
Principal Occupation
Howard S. Marks
Co-Chairman and Director of Oaktree Capital Group, LLC and Co-Chairman of Oaktree Capital Management, L.P.
 
Bruce A. Karsh
Co-Chairman, Chief Investment Officer and Director of Oaktree Capital Group, LLC and Co-Chairman and Chief Investment Officer of Oaktree Capital Management, L.P.
 
Jay S. Wintrob
Chief Executive Officer and Director of Oaktree Capital Group, LLC and Chief Executive Officer of Oaktree Capital Management, L.P.
 
John B. Frank
Vice Chairman and Director of Oaktree Capital Group, LLC and Vice Chairman of Oaktree Capital Management, L.P.
 
David M. Kirchheimer
Chief Financial Officer, Principal and Director of Oaktree Capital Group, LLC and Chief Financial Officer and Principal of Oaktree Capital Management, L.P.
 
Todd E. Molz
General Counsel, Chief Administrative Officer and Secretary of Oaktree Capital Group, LLC and General Counsel, and Chief Administrative Officer of Oaktree Capital Management, L.P.
 
Susan Gentile
Chief Accounting Officer and Managing Director of Oaktree Capital Group, LLC and Chief Accounting Officer and Managing Director of Oaktree Capital Management, L.P.
OCM FIE, LLC
The managing member of OCM FIE, LLC is Oaktree Capital Management, L.P..
Oaktree Capital Management, L.P.
The general partner of Oaktree Capital Management, L.P. is Oaktree Holdings, Inc.
Oaktree Holdings, LLC
The managing member of Oaktree Holdings, LLC is Oaktree Capital Group, LLC.
OCM Holdings I, LLC
The managing member of OCM Holdings I, LLC is Oaktree Holdings, LLC.
Oaktree Capital I, L.P.
The general partner of Oaktree Capital I, L.P. is OCM Holdings I, LLC.
Oaktree Fund GP I, L.P.
The general partner of Oaktree Fund GP I, L.P. is Oaktree Capital I, L.P.
Oaktree Value Opportunities Fund GP Ltd.
The sole shareholder of Oaktree Value Opportunities Fund GP Ltd. Is Oaktree Fund GP I, L.P.
Oaktree Value Opportunities Fund GP L.P.
The general partner of Oaktree Value Opportunities Fund GP, L.P. is Oaktree Value Opportunities Fund GP Ltd.
Oaktree Value Opportunities Fund, L.P.
The general partner of Oaktree Value Opportunities Fund, L.P. is Oaktree Value Opportunities Fund GP, L.P.
Oaktree Opportunities Fund IX Delaware, L.P.
The general partner of Oaktree Opportunities Fund IX Delaware, L.P. is Oaktree Fund, LLC.
Oaktree Fund, LLC
The managing member of Oaktree Fund, LLC is Oaktree Fund GP I, L.P.
Oaktree Opportunities Fund IX GP, Ltd.
The sole shareholder of Oaktree Opportunities Fund IX GP, Ltd. is Oaktree Fund GP I, L.P., and the director of Oaktree Opportunities Fund IX GP, Ltd. is Oaktree Capital Management, L.P.
Oaktree Opportunities Fund IX GP, L.P.
The general partner of Oaktree Opportunities Fund IX GP, L.P. is Oaktree Opportunities Fund IX GP, Ltd.
Oaktree Opportunities Fund IX (Parallel 2), L.P.
The general partner of Oaktree Opportunities Fund IX (Parallel 2), L.P. is Oaktree Opportunities Fund IX GP, L.P.
Oaktree Dry Bulk Holdings LLC
The controlling member of Oaktree Dry Bulk Holdings LLC is Oaktree Opportunities Fund VIII, L.P.
Oaktree Opportunities Fund VIII, L.P.
The general partner of Oaktree Opportunities Fund VIII, L.P. is Oaktree Opportunities Fund VIII GP, L.P.
Oaktree Opportunities Fund VIII GP, L.P.
The general partner of Oaktree Opportunities Fund VIII GP, L.P. is Oaktree Opportunities Fund VIII GP, Ltd.
Oaktree Opportunities Fund VIII GP, Ltd.
The sole shareholder of Oaktree Opportunities Fund VIII GP, Ltd. is Oaktree Fund GP I, L.P., and the director of Oaktree Opportunities Fund VIII GP, Ltd. is Oaktree Capital Management, L.P.
OCM XL Holdings L.P.
The general partner of OCM XL Holdings is Oaktree Fund GP 2A Ltd.
Oaktree Fund GP 2A Ltd.
The sole shareholder of Oaktree Fund GP 2A Ltd. Is Oaktree Fund GP II, L.P., and the sole director of Oaktree Fund GP 2A Ltd. is Oaktree Capital Management, L.P.
Oaktree Fund GP II, L.P.
The general partner of Oaktree Fund GP II, L.P. is Oaktree Capital II, L.P.
Oaktree Capital II, L.P.
The general partner of Oaktree Capital II, L.P. is Oaktree Holdings, Inc.
EXHIBIT 1
 JOINT FILING AGREEMENT
Pursuant to Rule 13(d)-1(k)(1) promulgated under the Securities Exchange Act of 1934, as amended, each of the undersigned acknowledges and agrees that the foregoing statement on Schedule 13D is filed on behalf of the undersigned and that all subsequent amendments to this statement on Schedule 13D shall be filed on behalf of the undersigned without the necessity of filing additional joint acquisition statements. Each of the undersigned acknowledges that it shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.
 Dated as of September 29, 2016.
 
OAKTREE VALUE OPPORTUNITIES FUND, L.P.
 
       
  By:
Oaktree Value Opportunities Fund GP, L.P.
 
  Its:
General Partner
 
       
  By:
Oaktree Value Opportunities Fund GP, Ltd.
 
  Its: General Partner  
       
  By:
Oaktree Capital Management, L.P.
 
  Its:
Director
 
       
       
 
By:
/s/ Jordan Mikes  
   
Name: Jordan Mikes
 
   
Title:   Vice President
 
       
 
 
OAKTREE VALUE OPPORTUNITIES FUND GP, L.P.
 
       
  By:
Oaktree Value Opportunities Fund GP, Ltd.
 
  Its: General Partner  
       
  By:
Oaktree Capital Management, L.P.
 
  Its:
Director
 
       
       
 
By:
/s/ Jordan Mikes   
   
Name: Jordan Mikes
 
   
Title:   Vice President
 
       
 
 
OAKTREE VALUE OPPORTUNITIES FUND GP LTD.
 
       
  By:
Oaktree Capital Management, L.P.
 
  Its:
Director
 
       
       
 
By:
/s/ Jordan Mikes  
   
Name:  Jordan Mikes
 
   
Title:   Vice President
 
       
 
 
 
 
OAKTREE OPPORTUNITIES FUND IX DELAWARE, L.P.
 
       
  By:
Oaktree Fund GP, LLC
 
  Its:
General Partner
 
       
  By: 
Oaktree Fund GP I, L.P.
 
  Its: Managing Member  
       
  By:
/s/ Jordan Mikes
 
   
Name: Jordan Mikes
 
   
Title:   Authorized Signatory
 
       
 
 
OAKTREE FUND GP, LLC
 
       
  By:
Oaktree Fund GP I, L.P.
 
  Its:
Managing Member
 
       
  By:
/s/ Jordan Mikes
 
   
Name: Jordan Mikes
 
   
Title:   Authorized Signatory
 
       
 
 
OAKTREE OPPORTUNITIES FUND IX (PARALLEL 2), L.P.
 
       
  By:
Oaktree Opportunities Fund IX GP, L.P.
 
  Its:
General Partner
 
       
  By:  Oaktree Opportunities Fund IX GP, Ltd.  
  Its:  General Partner   
       
  By:  Oaktree Capital Management, L.P.   
  Its: Director   
       
  By:
/s/ Jordan Mikes
 
   
Name: Jordan Mikes
 
   
Title:   Vice President
 
       
 
 
OAKTREE OPPORTUNITIES FUND IX GP, L.P.
 
       
  By:
Oaktree Opportunities Fund IX GP, Ltd.
 
  Its:
General Partner
 
       
  By:  Oaktree Capital Management, L.P.   
  Its: Director   
       
  By:
/s/ Jordan Mikes
 
   
Name: Jordan Mikes
 
   
Title:   Vice President
 
       
 
 
 
 
OAKTREE OPPORTUNITIES FUND IX GP, LTD.
 
       
  By:  Oaktree Capital Management, L.P.   
  Its: Director   
       
  By:
/s/ Jordan Mikes
 
   
Name: Jordan Mikes
 
   
Title:   Vice President
 
       
 
 
OAKTREE FUND GP I, L.P.
 
       
  By:
/s/ Jordan Mikes
 
   
Name: Jordan Mikes
 
    Title:   Authorized Signatory  
       
 
 
OAKTREE CAPITAL I, L.P.
 
       
  By:
/s/ Jordan Mikes
 
   
Name: Jordan Mikes
 
   
Title:   Vice President  
 
       
 
 
OCM HOLDINGS I, LLC
 
       
  By:
/s/ Jordan Mikes
 
   
Name: Jordan Mikes
 
   
Title:   Vice President 
 
       
 
 
OAKTREE HOLDINGS, LLC
 
       
  By:
/s/ Jordan Mikes
 
   
Name: Jordan Mikes 
 
   
Title:   Vice President   
 
       
 
 
OCM XL HOLDINGS L.P.
 
 
 
By:
Oaktree Fund GP 2A Ltd.
 
Its:
General Partner
 
 
 
 
 
By:
Oaktree Capital Management, L.P.
 
 
Its:
Director
 
 
 
 
 
 
By:
/s/ Jordan Mikes
 
 
 
Name: Jordan Mikes
 
 
 
Title:   Vice President
 
 
 
 
 
 
 
 
 
OAKTREE FUND GP 2A LTD.
 
 
 
 
 
 
By:
Oaktree Capital Management, L.P.
 
 
Its:
Director
 
 
 
 
 
 
By:
/s/ Jordan Mikes
 
 
 
Name: Jordan Mikes
 
 
 
Title:   Vice President
 
 
 
 
 
 
 
OAKTREE FUND GP II, L.P.
 
 
 
 
 
 
By:
/s/ Jordan Mikes
 
 
 
Name: Jordan Mikes
 
 
 
Title:   Authorized Signatory
 
 
 
 
 
 
 
OAKTREE CAPITAL II, L.P.
 
 
 
 
 
 
By:
/s/ Jordan Mikes
 
 
 
Name: Jordan Mikes
 
 
 
Title:   Authorized Signatory
 
 
 
 
 
 
 
OAKTREE CAPITAL MANAGEMENT, L.P.
 
 
 
 
 
 
By:
/s/ Jordan Mikes
 
 
 
Name: Jordan Mikes
 
 
Title:   Vice President
 
 
OAKTREE HOLDINGS, INC.
 
       
  By: /s/ Jordan Mikes  
   
Name: Jordan Mikes
 
   
Title:   Vice President
 
       
 
 
OAKTREE CAPITAL GROUP, LLC
 
       
  By:
/s/ Jordan Mikes
 
   
Name: Jordan Mikes
 
   
Title:   Vice President
 
       
 
 
OAKTREE CAPITAL GROUP HOLDINGS GP, LLC
 
       
  By:
/s/ Jordan Mikes
 
   
Name: Jordan Mikes
 
   
Title:   Vice President
 
       
 
 
 
 
OAKTREE DRY BULK HOLDINGS LLC
 
       
  By:
/s/ Jordan Mikes
 
   
Name: Jordan Mikes
 
    Title:   Authorized Signatory  
       
 
 
OAKTREE OPPORTUNITIES FUND VIII, L.P.
 
       
  By: 
Oaktree Opportunities Fund VIII GP, L.P.
 
  Its: 
General Partner
 
       
  By: 
Oaktree Opportunities Fund VIII GP Ltd.
 
  Its:
General Partner
 
       
  By: 
Oaktree Capital Management, L.P.
 
  Its:  Director   
       
  By:
/s/ Jordan Mikes
 
   
Name: Jordan Mikes
 
    Title:   Vice President  
       
 
 
OAKTREE OPPORTUNITIES FUND VIII GP, L.P.
 
       
  By:
Oaktree Opportunities Fund VIII GP Ltd.
 
  Its:
General Partner
 
       
  By:
Oaktree Capital Management, L.P.
 
  Its: Director  
       
  By:
/s/ Jordan Mikes
 
   
Name: Jordan Mikes
 
   
Title:   Vice President
 
       
 
 
OAKTREE OPPORTUNITIES FUND VIII GP LTD.
 
       
  By:
Oaktree Capital Management, L.P.
 
  Its: Director  
       
  By:
/s/ Jordan Mikes
 
   
Name: Jordan Mikes
 
   
Title:   Vice President
 
       
 
 
OCM FIE, LLC
 
       
       
  By:
/s/ Jordan Mikes
 
   
Name: Jordan Mikes
 
   
Title:   Authorized Signatory