Genco (GNK) Prepackaged Bankrupty May be Disrupted by Stakeholders
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Genco Shipping (GNK) trading paused for volatility
April 4, 2014 9:52 AM EDTGenco Shipping & Trading Ltd. (NYSE: GNK) trading paused for volatility.
... MoreGenco Shipping & Trading (GNK) Enters Pact with Lenders
April 3, 2014 5:38 PM EDTOn April 3, 2014, Genco Shipping & Trading Ltd. (NYSE: GNK) and certain of its subsidiaries entered into a Restructuring Support Agreement (the Support Agreement) with certain lenders (the Supporting Lenders) under each of (i) the Credit Agreement, dated as of July 20, 2007 (as amended to date), by and among the Company as borrower, the banks and other financial institutions named therein as lenders, Wilmington Trust, N.A., as successor administrative and collateral agent, and the other parties thereto (as amended, the 2007 Facility); (ii) the Loan Agreement, dated as of August 20, 2010 (as amended to date), by and among the Company as... More
