---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-025736"
form_type: "8-K"
ticker: "GNK"
cik: "0001326200"
company_name: "GENCO SHIPPING & TRADING LTD"
filed_at: "2025-07-14T23:59:59+00:00"
generated_at: "2026-05-18T06:37:19.181403+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Genco Shipping upsizes credit facility to $600M, extends maturity to July 2030

## Summary
- Revolver increased to $600M from $400M (50% raise); total facility moves from $500M to $600M.
- Maturity extended from November 2028 to July 2030; 20-year repayment profile with no commitment reductions until March 2027.
- Interest rate: 1.75%–2.15% + SOFR, with a ±0.05% margin tied to emissions performance.
- Collateral maintenance covenant lowered from 140% to 135%; all 42 current vessels remain in collateral package.
- Dividend declarations permitted if no default and pro forma covenant compliance; commitment fees 35% of applicable margin.

## SEC filing metadata
- accession: 0001140361-25-025736
- form_type: 8-K
- ticker: GNK
- cik: 0001326200
- company_name: GENCO SHIPPING & TRADING LTD
- filed_at: 2025-07-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1326200/000114036125025736/0001140361-25-025736-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1326200/000114036125025736/ef20051923_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-025736
- JSON: https://secwatch.observer/filing/0001140361-25-025736.json
- Plain text: https://secwatch.observer/filing/0001140361-25-025736.txt

## Key facts
- Debt Financings
  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
  source text: 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”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1326200/000114036125025736/0001140361-25-025736-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.