Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
GENCO SHIPPING & TRADING LTD amended revolving credit of $600 million with Nordea Bank Abp, New York Branch as Administrative Agent, Collateral Agent, and Security Trustee; Nordea Bank Apb, New York Branch; Skandinaviska Enskilda Banken AB (PUBL); DNB Capital LLC; ING Capital LLC; CTBC Bank Co. Ltd.; First-Citizens Bank & Trust Company at 1.75% to 2.15% plus the Secured Overnight Financing Rate (SOFR) maturing July 2030.
- Instrument
- revolving credit
- Principal
- $600 million
- Counterparty
- Nordea Bank Abp, New York Branch as Administrative Agent, Collateral Agent, and Security Trustee; Nordea Bank Apb, New York Branch; Skandinaviska Enskilda Banken AB (PUBL); DNB Capital LLC; ING Capital LLC; CTBC Bank Co. Ltd.; First-Citizens Bank & Trust Company
- Rate
- 1.75% to 2.15% plus the Secured Overnight Financing Rate (SOFR)
- Maturity
- July 2030
- Event
- amendment
Exact text from the filing
On July 10, 2025, Genco Shipping & Trading Limited, certain of its vessel-owning and other subsidiaries acting as guarantors entered into a Fifth Amendment to Credit Agreement (the “Amendment”) with Nordea Bank Abp, New York Branch as Administrative Agent, Collateral Agent, and Security Trustee and Nordea Bank Apb, New York Branch, Skandinaviska Enskilda Banken AB (PUBL), DNB Capital LLC, ING Capital LLC, CTBC Bank Co. Ltd., and First-Citizens Bank & Trust Company as lenders to amend, extend, and upsize its $500 Million Revolver. The amended structure consists of a $600 million revolving credit facility (the “$600 Million Revolver”)
View on SEC.gov