Filing Details

Accession Number:
0001140361-23-056382
Form Type:
13D Filing
Publication Date:
2023-12-04 19:00:00
Filed By:
Oaktree Capital Group, Llc
Company:
Star Bulk Carriers Corp (NASDAQ:SBLK)
Filing Date:
2023-12-05
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 OBC Container Holdings 0 522,975 0 522,975 522,975 0.6%
Oaktree Opportunities Fund IX Delaware 0 2,920,081 0 2,920,081 2,920,081 3.5%
Oaktree Opportunities Fund IX (Parallel 0 544,991 0 544,991 544,991 0.7%
OCM XL Holdings 0 0 0 0 0 0.0%
Oaktree Dry Bulk Holdings 0 3,097,351 0 3,097,351 3,097,351 3.7%
Oaktree Capital Group 0 3,642,342 0 3,642,342 3,642,342 4.4%
OCM FIE 0 68,535 0 68,535 68,535 0.08%
Atlas OCM Holdings 0 68,535 0 68,535 68,535 0.08%
Brookfield Corporation 0 3,642,342 0 3,642,342 3,642,342 4.4%
Brookfield Asset Management ULC 0 68,535 0 68,535 68,535 0.08%
BAM Partners Trust 0 3,642,342 0 3,642,342 3,642,342 4.4%
Filing

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549
 
SCHEDULE 13D
 
Under the Securities Exchange Act of 1934
(Amendment No. 21)*

Star Bulk Carriers Corp.
(Name of Issuer)

Common Shares, par value $0.01 per share
(Title of Class of Securities)

Y8162K121
(CUSIP Number)
 
Todd E. Molz
Managing Director and General Counsel
Oaktree Capital Management, L.P.
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)
 
December 1, 2023
(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.  ☐

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 (the “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
 
 
Oaktree OBC Container Holdings LLC
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)

(b)
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
Not applicable
 
 
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 

 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Cayman Islands
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
 
0
 
 
 
 
8
SHARED VOTING POWER
 
 
522,975
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
522,975
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
522,975
 
 
 
 
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)
 
 
0.6% (1)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
PN
 
 
 
 

  (1)
Calculated assuming 82,857,416 common shares of the Issuer (“Common Shares”) outstanding, based upon the 102,857,416 Common Shares outstanding as of December 31, 2022, as reported in the Issuer’s Form 20-F filed with the Securities and Exchange Commission (the “SEC”) on March 7, 2023, as decreased by (i) 10,000,000 Common Shares repurchased by the Issuer from OCM XL Holdings L.P. (“XL Holdings”), as reported in Amendment No. 19 (as later defined), and (ii) 10,000,000 Common Shares repurchased by the Issuer from XL Holdings, Oaktree Dry Bulk Holdings LLC (“Dry Bulk”), Oaktree OBC Container Holdings LLC (“Container”), and OCM FIE, LLC (“OCM FIE”) as reported herein.

1
NAMES OF REPORTING PERSONS
 
 
Oaktree Opportunities Fund IX Delaware, L.P.
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)

(b)
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
Not applicable
 
 
 
 
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
 
 
2,920,081
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
2,920,081
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
2,920,081
 
 
 
 
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)
 
 
3.5% (1)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
PN
 
 
 
 


(1)
Calculated assuming 82,857,416 Common Shares outstanding, based upon the 102,857,416 Common Shares outstanding as of December 31, 2022, as reported in the Issuer’s Form 20-F filed with the SEC on March 7, 2023, as decreased by (i) 10,000,000 Common Shares repurchased by the Issuer from XL Holdings, as reported in Amendment No. 19, and (ii) 10,000,000 Common Shares repurchased by the Issuer from XL Holdings, Dry Bulk, Container, and OCM FIE as reported herein.

1
NAMES OF REPORTING PERSONS
 
 
Oaktree Opportunities Fund IX (Parallel 2), L.P.
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)

(b)
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
Not applicable
 
 
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 

 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Cayman Islands
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
 
0
 
 
 
 
8
SHARED VOTING POWER
 
 
544,991
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
544,991
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
544,991
 
 
 
 
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)
 
 
0.7% (1)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
OO
 
 
 
 


(1)
Calculated assuming 82,857,416 Common Shares outstanding, based upon the 102,857,416 Common Shares outstanding as of December 31, 2022, as reported in the Issuer’s Form 20-F filed with the SEC on March 7, 2023, as decreased by (i) 10,000,000 Common Shares repurchased by the Issuer from XL Holdings, as reported in Amendment No. 19, and (ii) 10,000,000 Common Shares repurchased by the Issuer from XL Holdings, Dry Bulk, Container, and OCM FIE as reported herein.

1
NAMES OF REPORTING PERSONS
 
 
OCM XL Holdings L.P.
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)

(b)
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
Not applicable
 
 
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 

 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Cayman Islands
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
 
0
 
 
 
 
8
SHARED VOTING POWER
 
 
0
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
0
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
0
 
 
 
 
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)
 
 
0.0% (1)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
PN
 
 
 
 
 

(1)
Calculated assuming 82,857,416 Common Shares outstanding, based upon the 102,857,416 Common Shares outstanding as of December 31, 2022, as reported in the Issuer’s Form 20-F filed with the SEC on March 7, 2023, as decreased by (i) 10,000,000 Common Shares repurchased by the Issuer from XL Holdings, as reported in Amendment No. 19, and (ii) 10,000,000 Common Shares repurchased by the Issuer from XL Holdings, Dry Bulk, Container, and OCM FIE as reported herein.

1
NAMES OF REPORTING PERSONS
 
 
Oaktree Dry Bulk Holdings LLC
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)

(b)
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
Not applicable
 
 
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 

 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Marshall Islands
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
 
0
 
 
 
 
8
SHARED VOTING POWER
 
 
3,097,351
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
3,097,351
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
3,097,351
 
 
 
 
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)
 
 
3.7% (1)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
OO
 
 
 
 


(1)
Calculated assuming 82,857,416 Common Shares outstanding, based upon the 102,857,416 Common Shares outstanding as of December 31, 2022, as reported in the Issuer’s Form 20-F filed with the SEC on March 7, 2023, as decreased by (i) 10,000,000 Common Shares repurchased by the Issuer from XL Holdings, as reported in Amendment No. 19, and (ii) 10,000,000 Common Shares repurchased by the Issuer from XL Holdings, Dry Bulk, Container, and OCM FIE as reported herein.

1
NAMES OF REPORTING PERSONS
 
 
Oaktree Capital Group, LLC
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)

(b)
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
Not applicable
 
 
 
 
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
 
 
3,642,342
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
3,642,342
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
3,642,342
 
 
 
 
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)
 
 
4.4% (1)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
OO
 
 
 
 


(1)
Calculated assuming 82,857,416 Common Shares outstanding, based upon the 102,857,416 Common Shares outstanding as of December 31, 2022, as reported in the Issuer’s Form 20-F filed with the SEC on March 7, 2023, as decreased by (i) 10,000,000 Common Shares repurchased by the Issuer from XL Holdings, as reported in Amendment No. 19, and (ii) 10,000,000 Common Shares repurchased by the Issuer from XL Holdings, Dry Bulk, Container, and OCM FIE as reported herein.

1
NAMES OF REPORTING PERSONS
 
 
OCM FIE, LLC
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)

(b)
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
Not applicable
 
 
 
 
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
 
 
68,535
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
68,535
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
68,535
 
 
 
 
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)
 
 
0.08% (1)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
OO
 
 
 
 


(1)
Calculated assuming 82,857,416 Common Shares outstanding, based upon the 102,857,416 Common Shares outstanding as of December 31, 2022, as reported in the Issuer’s Form 20-F filed with the SEC on March 7, 2023, as decreased by (i) 10,000,000 Common Shares repurchased by the Issuer from XL Holdings, as reported in Amendment No. 19, and (ii) 10,000,000 Common Shares repurchased by the Issuer from XL Holdings, Dry Bulk, Container, and OCM FIE as reported herein.

1
NAMES OF REPORTING PERSONS
 
 
Atlas OCM Holdings, LLC
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)

(b)
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
OO
 
 
 
 
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
 
 
68,535
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
68,535
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
68,535
 
 
 
 
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)
 
 
0.08% (1)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
OO
 
 
 
 


(1)
Calculated assuming 82,857,416 Common Shares outstanding, based upon the 102,857,416 Common Shares outstanding as of December 31, 2022, as reported in the Issuer’s Form 20-F filed with the SEC on March 7, 2023, as decreased by (i) 10,000,000 Common Shares repurchased by the Issuer from XL Holdings, as reported in Amendment No. 19, and (ii) 10,000,000 Common Shares repurchased by the Issuer from XL Holdings, Dry Bulk, Container, and OCM FIE as reported herein.

1
NAMES OF REPORTING PERSONS
 
 
Brookfield Corporation
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)

(b)
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
Not applicable
 
 
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 

 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Ontario, Canada
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
 
0
 
 
 
 
8
SHARED VOTING POWER
 
 
3,642,342
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
3,642,342
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
3,642,342
 
 
 
 
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)
 
 
4.4% (1)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
HC
 
 
 
 


(1)
Calculated assuming 82,857,416 Common Shares outstanding, based upon the 102,857,416 Common Shares outstanding as of December 31, 2022, as reported in the Issuer’s Form 20-F filed with the SEC on March 7, 2023, as decreased by (i) 10,000,000 Common Shares repurchased by the Issuer from XL Holdings, as reported in Amendment No. 19, and (ii) 10,000,000 Common Shares repurchased by the Issuer from XL Holdings, Dry Bulk, Container, and OCM FIE as reported herein.

1
NAMES OF REPORTING PERSONS
 
 
Brookfield Asset Management ULC
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)

(b)
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
Not applicable
 
 
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 

 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
British Columbia, Canada
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
 
0
 
 
 
 
8
SHARED VOTING POWER
 
 
68,535
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
68,535
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
68,535
 
 
 
 
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)
 
 
0.08% (1)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
HC
 
 
 
 


(1)
Calculated assuming 82,857,416 Common Shares outstanding, based upon the 102,857,416 Common Shares outstanding as of December 31, 2022, as reported in the Issuer’s Form 20-F filed with the SEC on March 7, 2023, as decreased by (i) 10,000,000 Common Shares repurchased by the Issuer from XL Holdings, as reported in Amendment No. 19, and (ii) 10,000,000 Common Shares repurchased by the Issuer from XL Holdings, Dry Bulk, Container, and OCM FIE as reported herein.

1
NAMES OF REPORTING PERSONS
 
 
BAM Partners Trust
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)

(b)
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
Not applicable
 
 
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 

 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Ontario, Canada
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
 
0
 
 
 
 
8
SHARED VOTING POWER
 
 
3,642,342
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
3,642,342
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
3,642,342
 
 
 
 
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)
 
 
4.4% (1)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
HC
 
 
 
 


(1)
Calculated assuming 82,857,416 Common Shares outstanding, based upon the 102,857,416 Common Shares outstanding as of December 31, 2022, as reported in the Issuer’s Form 20-F filed with the SEC on March 7, 2023, as decreased by (i) 10,000,000 Common Shares repurchased by the Issuer from XL Holdings, as reported in Amendment No. 19, and (ii) 10,000,000 Common Shares repurchased by the Issuer from XL Holdings, Dry Bulk, Container, and OCM FIE as reported herein.

This Amendment No. 21 (“Amendment No. 21”) is being filed by the undersigned to amend the Schedule 13D filed by the Reporting Persons (as hereinafter defined) on August 5, 2013, as amended by Amendment No. 1 thereto filed October 7, 2013, Amendment No. 2 thereto filed December 2, 2013, Amendment No. 3 thereto filed June 18, 2013, Amendment No. 4 thereto filed July 15, 2014, Amendment No. 5 thereto filed January 15, 2015, Amendment No. 6 thereto filed May 20, 2015, Amendment No. 7 thereto filed May 29, 2015, Amendment No. 8 thereto filed September 29, 2016, Amendment No. 9 thereto filed February 6, 2017, Amendment No. 10 thereto filed July 18, 2018, Amendment No. 11 thereto filed November 29, 2018, Amendment No. 12 thereto filed December 18, 2018, Amendment No. 13 thereto filed March 29, 2019, Amendment No. 14 thereto filed June 3, 2019, Amendment No. 15 thereto filed August 14, 2019, Amendment No. 16 thereto filed June 21, 2021, Amendment No. 17 thereto filed July 7, 2021, Amendment No. 18 thereto filed September 27, 2023, Amendment No. 19 thereto filed on October 11, 2023 (“Amendment No. 19”), and Amendment No. 20 thereto filed on November 1, 2023 (“Amendment No. 20,” and together with the previous amendments, the “Schedule 13D”) with respect to the common shares, par value $0.01 per share (the “Common Shares”) of Star Bulk Carriers Corp., a Republic of the Marshall Islands corporation (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. Capitalized terms used but not defined herein shall have the same meanings ascribed to them in the Schedule 13D as amended from time to time and, except as specifically amended by this Amendment No. 21, the Schedule 13D remains in full force and effect.

Item 5.
Interest in Securities of the Issuer

Item 5 (a)-(c) are hereby amended and restated as follows:

(a) 
and (b)

The information contained on the cover pages of this Schedule 13D is incorporated herein by reference. All such beneficial ownership calculations assume 82,857,416 Common Shares outstanding, based upon the 102,857,416 Common Shares outstanding as of December 31, 2022, as reported in the Issuer’s Form 20-F filed with the SEC on March 7, 2023, as decreased by (i) 10,000,000 Common Shares repurchased by the Issuer from XL Holdings, as reported in Amendment No. 19, and (ii) 10,000,000 Common Shares repurchased by the Issuer from XL Holdings, Dry Bulk, Container, and OCM FIE as reported herein.

The aggregate 6,107,983 Common Shares reported in this statement, which constitute 7.4% of the outstanding Common Shares, are held by the Reporting Persons as follows:


Container is the direct holder of 522,975 Common Shares.


Fund IX is the direct holder of 2,397,106 Common Shares and the general partner of Container, and as such may be deemed to beneficially own an aggregate 2,920,081 Common Shares.


Parallel 2 is the direct holder of 22,016 Common Shares and the general partner of Container, and as such may be deemed to beneficially own 544,991 Common Shares.


Dry Bulk is the direct holder of 3,097,351 Common Shares.


XL Holdings is the direct holder of 0 Common Shares.


OCM FIE is the direct holder of 68,535 Common Shares.


Oaktree Capital is the indirect manager of Container, Parallel 2, and Dry Bulk, and as such may be deemed to beneficially own an aggregate 3,642,342 Common Shares.


Atlas is the indirect manager of XL Holdings and OCM FIE, and as such may be deemed to beneficially own an aggregate 68,535 Common Shares.


Brookfield is the indirect owner of class A units of Oaktree Capital, and as such may be deemed to beneficially own 3,642,342 Common Shares.


Brookfield ULC is the indirect owner of class A units of Atlas, and as such may be deemed to beneficially own 68,535 Common Shares.


BAM is the sole owner of Class B Limited Voting Shares of Brookfield, and as such may be deemed to beneficially own 3,642,342 Common Shares.

Pursuant to Rule 13d-4 of the Act, the Reporting Persons declare that filing this statement shall not be construed as an admission that any such person is, for the purposes of Section 13(d) and/or Section 13(g) of the Act, the beneficial owner of any securities covered by this statement.

(c)

On December 1, 2023, the Issuer repurchased 10,000,000 Common Shares from XL Holdings, Dry Bulk, Container, and OCM FIE, pursuant to the Repurchase Agreement disclosed in Amendment No. 20. Except for such repurchase, the Reporting Persons have not effected any transactions related to the Common Shares since the filing of Amendment No. 20 on November 1, 2023.

Item 7.
Materials to be Filed as Exhibits

Exhibit 1 Joint Filing Agreement, filed with the SEC as Exhibit 1 to Amendment No. 18 on September 27, 2023

SIGNATURES
 
After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.
 
Dated: December 5, 2023

 
OAKTREE OBC CONTAINER HOLDINGS LLC
      
 
By:
Oaktree Opportunities Fund IX Delaware, L.P.
 
Its:
General Partner
      
 
By:
Oaktree Opportunities Fund IX (Parallel 2), L.P.
 
Its:
General Partner

 
By:
/s/ Henry Orren
   
Name: Henry Orren
   
Title: Authorized Signatory

 
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/ Henry Orren
   
Name: Henry Orren
   
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/ Henry Orren
   
Name: Henry Orren
   
Title: Senior Vice President

 
OCM XL HOLDINGS L.P.
     
  By: Oaktree Capital Management, L.P.
  Its: Director

 
By:
/s/ Henry Orren
   
Name: Henry Orren
   
Title: Senior Vice President

 
OAKTREE DRY BULK HOLDINGS LLC
     
 
By:
/s/ Henry Orren
   
Name: Henry Orren
   
Title: Authorized Signatory
 
OAKTREE CAPITAL GROUP, LLC
 
By:
/s/ Henry Orren
   
Name: Henry Orren
   
Title: Senior Vice President

 
ATLAS OCM HOLDINGS, LLC
 
By:
/s/ Henry Orren
   
Name: Henry Orren
   
Title: Senior Vice President

 
OCM FIE, LLC

By:
/s/ Henry Orren
   
Name: Henry Orren
   
Title: Authorized Signatory
     
 
BROOKFIELD CORPORATON
   

By:
/s/Swati Mandava
   
Name: Swati Mandava
   
Title: Managing Director, Legal & Regulatory

 
BROOKFIELD ASSET MANAGEMENT ULC
   

By:
/s/ Kathy Sarpash
   
Name: Kathy Sarpash
   
Title: Managing Director, Legal & Regulatory

 
BAM PARTNERS TRUST
 
  By: BAM Class B Partners Inc.
  Its: Trustee
 
By:
/s/ Kathy Sarpash
   
Name: Kathy Sarpash
   
Title: Secretary