---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-008085"
form_type: "8-K"
ticker: "GNK"
cik: "0001326200"
company_name: "GENCO SHIPPING & TRADING LTD"
filed_at: "2026-03-05T23:59:59+00:00"
generated_at: "2026-05-15T19:25:05.133310+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Genco Shipping upsizes credit facility by $80M to $680M to fund vessel acquisitions

## Summary
- Revolving credit facility increased from $600M to $680M via sixth amendment effective Feb 27, 2026.
- Proceeds will partially finance two previously disclosed Newcastlemax vessels.
- Lenders include Nordea Bank Abp, Skandinaviska Enskilda Banken, DNB Capital, ING Capital, and First-Citizens Bank.
- Amendment utilizes accordion feature; vessels serve as additional collateral.
- No default or event of default on the effective date per officer's certificate.

## SEC filing metadata
- accession: 0001140361-26-008085
- form_type: 8-K
- ticker: GNK
- cik: 0001326200
- company_name: GENCO SHIPPING & TRADING LTD
- filed_at: 2026-03-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1326200/000114036126008085/0001140361-26-008085-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1326200/000114036126008085/ef20067230_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-008085
- JSON: https://secwatch.observer/filing/0001140361-26-008085.json
- Plain text: https://secwatch.observer/filing/0001140361-26-008085.txt

## Source-grounded claims
- claim_id: 26f14836473298e4223ae03b894c6fd00e957adf
  claim: GENCO SHIPPING & TRADING LTD amended revolving credit of $600 million revolving credit facility by $80 million for total borrowing capacity of $680 million with Nordea Bank Abp, New York Branch as Administrative Agent and Collateral Agent and Nordea Bank Apb, New York Branch, Skandinaviska Enskilda Banken AB (PUBL), DNB Capital LLC, ING Capital LLC, and First-Citizens Bank & Trust Company.
  evidence_excerpt: On February 27, 2026, Genco Shipping & Trading Limited (the “Company”) and certain of its vessel-owning and other subsidiaries acting as guarantors entered into a Sixth Amendment to Credit Agreement (the “Amendment”) with Nordea Bank Abp, New York Branch as Administrative Agent and Collateral Agent and Nordea Bank Apb, New York Branch, Skandinaviska Enskilda Banken AB (PUBL), DNB Capital LLC, ING Capital LLC, and First-Citizens Bank & Trust Company as participating and consenting lenders to amend and upsize its $600 million revolving credit facility by $80 million for total borrowing capacity of $680 million through the existing accordion feature of the facility.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1326200/000114036126008085/0001140361-26-008085-index.htm
- claim_id: b92af48c272ed642d4ef15f6e972e6583ac22cd3
  claim: GENCO SHIPPING & TRADING LTD amended Sixth Amendment to Credit Agreement with Nordea Bank Abp, New York Branch, Skandinaviska Enskilda Banken AB (PUBL), DNB Capital LLC, ING Capital LLC, and First-Citizens Bank & Trust Company valued at Upsize of $600 million revolving credit facility by $80 million for total borrowing capacity of $680 (effective 2026-02-27).
  evidence_excerpt: On February 27, 2026, Genco Shipping & Trading Limited (the “Company”) and certain of its vessel-owning and other subsidiaries acting as guarantors entered into a Sixth Amendment to Credit Agreement (the “Amendment”) with Nordea Bank Abp, New York Branch as Administrative Agent and Collateral Agent and Nordea Bank Apb, New York Branch, Skandinaviska Enskilda Banken AB (PUBL), DNB Capital LLC, ING Capital LLC, and First-Citizens Bank & Trust Company as participating and consenting lenders to amend and upsize its $600 million revolving credit facility by $80 million for total borrowing capacity of $680 million through the existing accordion feature of the facility.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1326200/000114036126008085/0001140361-26-008085-index.htm

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