|
SECURITIES AND EXCHANGE COMMISSION |
|
|
Washington, D.C. 20549
|
|
|
|
|
|
SCHEDULE 13D/A |
|
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Genco Shipping & Trading Limited
(Name of Issuer)
Common Stock, par value $0.01
(Title of Class of Securities)
Y2685T115
(CUSIP Number)
John F. Hartigan, Esq.
Morgan, Lewis & Bockius LLP
300 S. Grand Avenue, 22nd Floor
Los Angeles, CA 90071
(213) 612-2500
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 8, 2016
(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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. o
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting persons 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 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).
CUSIP No. Y2685T115 |
13D/A |
| |||||
| |||||||
|
1 |
Name of Reporting Person | |||||
| |||||||
|
2 |
Check the Appropriate Box if a Member of a Group | |||||
|
|
(a) |
o | ||||
|
|
(b) |
x | ||||
| |||||||
|
3 |
SEC Use Only | |||||
| |||||||
|
4 |
Source of Funds | |||||
| |||||||
|
5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||||
| |||||||
|
6 |
Citizenship or Place of Organization | |||||
| |||||||
Number of |
7 |
Sole Voting Power | |||||
| |||||||
8 |
Shared Voting Power | ||||||
| |||||||
9 |
Sole Dispositive Power | ||||||
| |||||||
10 |
Shared Dispositive Power | ||||||
| |||||||
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
| |||||||
|
12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | |||||
| |||||||
|
13 |
Percent of Class Represented by Amount in Row (11) | |||||
| |||||||
|
14 |
Type of Reporting Person | |||||
CUSIP No. Y2685T115 |
13D/A |
| |||||
| |||||||
|
1 |
Name of Reporting Person | |||||
| |||||||
|
2 |
Check the Appropriate Box if a Member of a Group | |||||
|
|
(a) |
o | ||||
|
|
(b) |
x | ||||
| |||||||
|
3 |
SEC Use Only | |||||
| |||||||
|
4 |
Source of Funds | |||||
| |||||||
|
5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||||
| |||||||
|
6 |
Citizenship or Place of Organization | |||||
| |||||||
Number of |
7 |
Sole Voting Power | |||||
| |||||||
8 |
Shared Voting Power | ||||||
| |||||||
9 |
Sole Dispositive Power | ||||||
| |||||||
10 |
Shared Dispositive Power | ||||||
| |||||||
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
| |||||||
|
12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | |||||
| |||||||
|
13 |
Percent of Class Represented by Amount in Row (11) | |||||
| |||||||
|
14 |
Type of Reporting Person | |||||
CUSIP No. Y2685T115 |
13D/A |
| |||||
| |||||||
|
1 |
Name of Reporting Person | |||||
| |||||||
|
2 |
Check the Appropriate Box if a Member of a Group | |||||
|
|
(a) |
o | ||||
|
|
(b) |
x | ||||
| |||||||
|
3 |
SEC Use Only | |||||
| |||||||
|
4 |
Source of Funds | |||||
| |||||||
|
5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||||
| |||||||
|
6 |
Citizenship or Place of Organization | |||||
| |||||||
Number of |
7 |
Sole Voting Power | |||||
| |||||||
8 |
Shared Voting Power | ||||||
| |||||||
9 |
Sole Dispositive Power | ||||||
| |||||||
10 |
Shared Dispositive Power | ||||||
| |||||||
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
| |||||||
|
12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | |||||
| |||||||
|
13 |
Percent of Class Represented by Amount in Row (11) | |||||
| |||||||
|
14 |
Type of Reporting Person | |||||
CUSIP No. Y2685T115 |
13D/A |
| |||||
| |||||||
|
1 |
Name of Reporting Person | |||||
| |||||||
|
2 |
Check the Appropriate Box if a Member of a Group | |||||
|
|
(a) |
o | ||||
|
|
(b) |
x | ||||
| |||||||
|
3 |
SEC Use Only | |||||
| |||||||
|
4 |
Source of Funds | |||||
| |||||||
|
5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||||
| |||||||
|
6 |
Citizenship or Place of Organization | |||||
| |||||||
Number of |
7 |
Sole Voting Power | |||||
| |||||||
8 |
Shared Voting Power | ||||||
| |||||||
9 |
Sole Dispositive Power | ||||||
| |||||||
10 |
Shared Dispositive Power | ||||||
| |||||||
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
| |||||||
|
12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | |||||
| |||||||
|
13 |
Percent of Class Represented by Amount in Row (11) | |||||
| |||||||
|
14 |
Type of Reporting Person | |||||
CUSIP No. Y2685T115 |
13D/A |
| |||||
| |||||||
|
1 |
Name of Reporting Person | |||||
| |||||||
|
2 |
Check the Appropriate Box if a Member of a Group | |||||
|
|
(a) |
o | ||||
|
|
(b) |
x | ||||
| |||||||
|
3 |
SEC Use Only | |||||
| |||||||
|
4 |
Source of Funds | |||||
| |||||||
|
5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||||
| |||||||
|
6 |
Citizenship or Place of Organization | |||||
| |||||||
Number of |
7 |
Sole Voting Power | |||||
| |||||||
8 |
Shared Voting Power | ||||||
| |||||||
9 |
Sole Dispositive Power | ||||||
| |||||||
10 |
Shared Dispositive Power | ||||||
| |||||||
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
| |||||||
|
12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | |||||
| |||||||
|
13 |
Percent of Class Represented by Amount in Row (11) | |||||
| |||||||
|
14 |
Type of Reporting Person | |||||
CUSIP No. Y2685T115 |
13D/A |
| |||||
| |||||||
|
1 |
Name of Reporting Person | |||||
| |||||||
|
2 |
Check the Appropriate Box if a Member of a Group | |||||
|
|
(a) |
o | ||||
|
|
(b) |
x | ||||
| |||||||
|
3 |
SEC Use Only | |||||
| |||||||
|
4 |
Source of Funds | |||||
| |||||||
|
5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||||
| |||||||
|
6 |
Citizenship or Place of Organization | |||||
| |||||||
Number of |
7 |
Sole Voting Power | |||||
| |||||||
8 |
Shared Voting Power | ||||||
| |||||||
9 |
Sole Dispositive Power | ||||||
| |||||||
10 |
Shared Dispositive Power | ||||||
| |||||||
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
| |||||||
|
12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | |||||
| |||||||
|
13 |
Percent of Class Represented by Amount in Row (11) | |||||
| |||||||
|
14 |
Type of Reporting Person | |||||
CUSIP No. Y2685T115 |
13D/A |
| |||||
| |||||||
|
1 |
Name of Reporting Person | |||||
| |||||||
|
2 |
Check the Appropriate Box if a Member of a Group | |||||
|
|
(a) |
o | ||||
|
|
(b) |
x | ||||
| |||||||
|
3 |
SEC Use Only | |||||
| |||||||
|
4 |
Source of Funds | |||||
| |||||||
|
5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||||
| |||||||
|
6 |
Citizenship or Place of Organization | |||||
| |||||||
Number of |
7 |
Sole Voting Power | |||||
| |||||||
8 |
Shared Voting Power | ||||||
| |||||||
9 |
Sole Dispositive Power | ||||||
| |||||||
10 |
Shared Dispositive Power | ||||||
| |||||||
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
| |||||||
|
12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | |||||
| |||||||
|
13 |
Percent of Class Represented by Amount in Row (11) | |||||
| |||||||
|
14 |
Type of Reporting Person | |||||
CUSIP No. Y2685T115 |
13D/A |
| |||||
| |||||||
|
1 |
Name of Reporting Person | |||||
| |||||||
|
2 |
Check the Appropriate Box if a Member of a Group | |||||
|
|
(a) |
o | ||||
|
|
(b) |
x | ||||
| |||||||
|
3 |
SEC Use Only | |||||
| |||||||
|
4 |
Source of Funds | |||||
| |||||||
|
5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||||
| |||||||
|
6 |
Citizenship or Place of Organization | |||||
| |||||||
Number of |
7 |
Sole Voting Power | |||||
| |||||||
8 |
Shared Voting Power | ||||||
| |||||||
9 |
Sole Dispositive Power | ||||||
| |||||||
10 |
Shared Dispositive Power | ||||||
| |||||||
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
| |||||||
|
12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | |||||
| |||||||
|
13 |
Percent of Class Represented by Amount in Row (11) | |||||
| |||||||
|
14 |
Type of Reporting Person | |||||
CUSIP No. Y2685T115 |
13D/A |
| |||||
| |||||||
|
1 |
Name of Reporting Person | |||||
| |||||||
|
2 |
Check the Appropriate Box if a Member of a Group | |||||
|
|
(a) |
o | ||||
|
|
(b) |
x | ||||
| |||||||
|
3 |
SEC Use Only | |||||
| |||||||
|
4 |
Source of Funds | |||||
| |||||||
|
5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||||
| |||||||
|
6 |
Citizenship or Place of Organization | |||||
| |||||||
Number of |
7 |
Sole Voting Power | |||||
| |||||||
8 |
Shared Voting Power | ||||||
| |||||||
9 |
Sole Dispositive Power | ||||||
| |||||||
10 |
Shared Dispositive Power | ||||||
| |||||||
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
| |||||||
|
12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | |||||
| |||||||
|
13 |
Percent of Class Represented by Amount in Row (11) | |||||
| |||||||
|
14 |
Type of Reporting Person | |||||
CUSIP No. Y2685T115 |
13D/A |
| |||||
| |||||||
|
1 |
Name of Reporting Person | |||||
| |||||||
|
2 |
Check the Appropriate Box if a Member of a Group | |||||
|
|
(a) |
o | ||||
|
|
(b) |
x | ||||
| |||||||
|
3 |
SEC Use Only | |||||
| |||||||
|
4 |
Source of Funds | |||||
| |||||||
|
5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||||
| |||||||
|
6 |
Citizenship or Place of Organization | |||||
| |||||||
Number of |
7 |
Sole Voting Power | |||||
| |||||||
8 |
Shared Voting Power | ||||||
| |||||||
9 |
Sole Dispositive Power | ||||||
| |||||||
10 |
Shared Dispositive Power | ||||||
| |||||||
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
| |||||||
|
12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | |||||
| |||||||
|
13 |
Percent of Class Represented by Amount in Row (11) | |||||
| |||||||
|
14 |
Type of Reporting Person | |||||
CUSIP No. Y2685T115 |
13D/A |
| |||||
| |||||||
|
1 |
Name of Reporting Person | |||||
| |||||||
|
2 |
Check the Appropriate Box if a Member of a Group | |||||
|
|
(a) |
o | ||||
|
|
(b) |
x | ||||
| |||||||
|
3 |
SEC Use Only | |||||
| |||||||
|
4 |
Source of Funds | |||||
| |||||||
|
5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||||
| |||||||
|
6 |
Citizenship or Place of Organization | |||||
| |||||||
Number of |
7 |
Sole Voting Power | |||||
| |||||||
8 |
Shared Voting Power | ||||||
| |||||||
9 |
Sole Dispositive Power | ||||||
| |||||||
10 |
Shared Dispositive Power | ||||||
| |||||||
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
| |||||||
|
12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | |||||
| |||||||
|
13 |
Percent of Class Represented by Amount in Row (11) | |||||
| |||||||
|
14 |
Type of Reporting Person | |||||
CUSIP No. Y2685T115 |
13D/A |
| |||||
| |||||||
|
1 |
Name of Reporting Person | |||||
| |||||||
|
2 |
Check the Appropriate Box if a Member of a Group | |||||
|
|
(a) |
o | ||||
|
|
(b) |
x | ||||
| |||||||
|
3 |
SEC Use Only | |||||
| |||||||
|
4 |
Source of Funds | |||||
| |||||||
|
5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||||
| |||||||
|
6 |
Citizenship or Place of Organization | |||||
| |||||||
Number of |
7 |
Sole Voting Power | |||||
| |||||||
8 |
Shared Voting Power | ||||||
| |||||||
9 |
Sole Dispositive Power | ||||||
| |||||||
10 |
Shared Dispositive Power | ||||||
| |||||||
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
| |||||||
|
12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | |||||
| |||||||
|
13 |
Percent of Class Represented by Amount in Row (11) | |||||
| |||||||
|
14 |
Type of Reporting Person | |||||
CUSIP No. Y2685T115 |
13D/A |
| |||||
| |||||||
|
1 |
Name of Reporting Person | |||||
| |||||||
|
2 |
Check the Appropriate Box if a Member of a Group | |||||
|
|
(a) |
o | ||||
|
|
(b) |
x | ||||
| |||||||
|
3 |
SEC Use Only | |||||
| |||||||
|
4 |
Source of Funds | |||||
| |||||||
|
5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||||
| |||||||
|
6 |
Citizenship or Place of Organization | |||||
| |||||||
Number of |
7 |
Sole Voting Power | |||||
| |||||||
8 |
Shared Voting Power | ||||||
| |||||||
9 |
Sole Dispositive Power | ||||||
| |||||||
10 |
Shared Dispositive Power | ||||||
| |||||||
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
| |||||||
|
12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | |||||
| |||||||
|
13 |
Percent of Class Represented by Amount in Row (11) | |||||
| |||||||
|
14 |
Type of Reporting Person | |||||
CUSIP No. Y2685T115 |
13D/A |
| |||||
| |||||||
|
1 |
Name of Reporting Person | |||||
| |||||||
|
2 |
Check the Appropriate Box if a Member of a Group | |||||
|
|
(a) |
o | ||||
|
|
(b) |
x | ||||
| |||||||
|
3 |
SEC Use Only | |||||
| |||||||
|
4 |
Source of Funds | |||||
| |||||||
|
5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||||
| |||||||
|
6 |
Citizenship or Place of Organization | |||||
| |||||||
Number of |
7 |
Sole Voting Power | |||||
| |||||||
8 |
Shared Voting Power | ||||||
| |||||||
9 |
Sole Dispositive Power | ||||||
| |||||||
10 |
Shared Dispositive Power | ||||||
| |||||||
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
| |||||||
|
12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | |||||
| |||||||
|
13 |
Percent of Class Represented by Amount in Row (11) | |||||
| |||||||
|
14 |
Type of Reporting Person | |||||
CUSIP No. Y2685T115 |
13D/A |
| |||||
| |||||||
|
1 |
Name of Reporting Person | |||||
| |||||||
|
2 |
Check the Appropriate Box if a Member of a Group | |||||
|
|
(a) |
o | ||||
|
|
(b) |
x | ||||
| |||||||
|
3 |
SEC Use Only | |||||
| |||||||
|
4 |
Source of Funds | |||||
| |||||||
|
5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||||
| |||||||
|
6 |
Citizenship or Place of Organization | |||||
| |||||||
Number of |
7 |
Sole Voting Power | |||||
| |||||||
8 |
Shared Voting Power | ||||||
| |||||||
9 |
Sole Dispositive Power | ||||||
| |||||||
10 |
Shared Dispositive Power | ||||||
| |||||||
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
| |||||||
|
12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | |||||
| |||||||
|
13 |
Percent of Class Represented by Amount in Row (11) | |||||
| |||||||
|
14 |
Type of Reporting Person | |||||
CUSIP No. Y2685T115 |
13D/A |
| |||||
| |||||||
|
1 |
Name of Reporting Person | |||||
| |||||||
|
2 |
Check the Appropriate Box if a Member of a Group | |||||
|
|
(a) |
o | ||||
|
|
(b) |
x | ||||
| |||||||
|
3 |
SEC Use Only | |||||
| |||||||
|
4 |
Source of Funds | |||||
| |||||||
|
5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||||
| |||||||
|
6 |
Citizenship or Place of Organization | |||||
| |||||||
Number of |
7 |
Sole Voting Power | |||||
| |||||||
8 |
Shared Voting Power | ||||||
| |||||||
9 |
Sole Dispositive Power | ||||||
| |||||||
10 |
Shared Dispositive Power | ||||||
| |||||||
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
| |||||||
|
12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | |||||
| |||||||
|
13 |
Percent of Class Represented by Amount in Row (11) | |||||
| |||||||
|
14 |
Type of Reporting Person | |||||
CUSIP No. Y2685T115 |
13D/A |
| |||||
| |||||||
|
1 |
Name of Reporting Person | |||||
| |||||||
|
2 |
Check the Appropriate Box if a Member of a Group | |||||
|
|
(a) |
o | ||||
|
|
(b) |
x | ||||
| |||||||
|
3 |
SEC Use Only | |||||
| |||||||
|
4 |
Source of Funds | |||||
| |||||||
|
5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||||
| |||||||
|
6 |
Citizenship or Place of Organization | |||||
| |||||||
Number of |
7 |
Sole Voting Power | |||||
| |||||||
8 |
Shared Voting Power | ||||||
| |||||||
9 |
Sole Dispositive Power | ||||||
| |||||||
10 |
Shared Dispositive Power | ||||||
| |||||||
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
| |||||||
|
12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | |||||
| |||||||
|
13 |
Percent of Class Represented by Amount in Row (11) | |||||
| |||||||
|
14 |
Type of Reporting Person | |||||
CUSIP No. Y2685T115 |
13D/A |
| |||||
| |||||||
|
1 |
Name of Reporting Person | |||||
| |||||||
|
2 |
Check the Appropriate Box if a Member of a Group | |||||
|
|
(a) |
o | ||||
|
|
(b) |
x | ||||
| |||||||
|
3 |
SEC Use Only | |||||
| |||||||
|
4 |
Source of Funds | |||||
| |||||||
|
5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||||
| |||||||
|
6 |
Citizenship or Place of Organization | |||||
| |||||||
Number of |
7 |
Sole Voting Power | |||||
| |||||||
8 |
Shared Voting Power | ||||||
| |||||||
9 |
Sole Dispositive Power | ||||||
| |||||||
10 |
Shared Dispositive Power | ||||||
| |||||||
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
| |||||||
|
12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | |||||
| |||||||
|
13 |
Percent of Class Represented by Amount in Row (11) | |||||
| |||||||
|
14 |
Type of Reporting Person | |||||
CUSIP No. Y2685T115 |
13D/A |
| |||||
| |||||||
|
1 |
Name of Reporting Person | |||||
| |||||||
|
2 |
Check the Appropriate Box if a Member of a Group | |||||
|
|
(a) |
o | ||||
|
|
(b) |
x | ||||
| |||||||
|
3 |
SEC Use Only | |||||
| |||||||
|
4 |
Source of Funds | |||||
| |||||||
|
5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||||
| |||||||
|
6 |
Citizenship or Place of Organization | |||||
| |||||||
Number of |
7 |
Sole Voting Power | |||||
| |||||||
8 |
Shared Voting Power | ||||||
| |||||||
9 |
Sole Dispositive Power | ||||||
| |||||||
10 |
Shared Dispositive Power | ||||||
| |||||||
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
| |||||||
|
12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | |||||
| |||||||
|
13 |
Percent of Class Represented by Amount in Row (11) | |||||
| |||||||
|
14 |
Type of Reporting Person | |||||
CUSIP No. Y2685T115 |
13D/A |
| |||||
| |||||||
|
1 |
Name of Reporting Person | |||||
| |||||||
|
2 |
Check the Appropriate Box if a Member of a Group | |||||
|
|
(a) |
o | ||||
|
|
(b) |
x | ||||
| |||||||
|
3 |
SEC Use Only | |||||
| |||||||
|
4 |
Source of Funds | |||||
| |||||||
|
5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||||
| |||||||
|
6 |
Citizenship or Place of Organization | |||||
| |||||||
Number of |
7 |
Sole Voting Power | |||||
| |||||||
8 |
Shared Voting Power | ||||||
| |||||||
9 |
Sole Dispositive Power | ||||||
| |||||||
10 |
Shared Dispositive Power | ||||||
| |||||||
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
| |||||||
|
12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | |||||
| |||||||
|
13 |
Percent of Class Represented by Amount in Row (11) | |||||
| |||||||
|
14 |
Type of Reporting Person | |||||
CUSIP No. Y2685T115 |
13D/A |
| |||||
| |||||||
|
1 |
Name of Reporting Person | |||||
| |||||||
|
2 |
Check the Appropriate Box if a Member of a Group | |||||
|
|
(a) |
o | ||||
|
|
(b) |
x | ||||
| |||||||
|
3 |
SEC Use Only | |||||
| |||||||
|
4 |
Source of Funds | |||||
| |||||||
|
5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||||
| |||||||
|
6 |
Citizenship or Place of Organization | |||||
| |||||||
Number of |
7 |
Sole Voting Power | |||||
| |||||||
8 |
Shared Voting Power | ||||||
| |||||||
9 |
Sole Dispositive Power | ||||||
| |||||||
10 |
Shared Dispositive Power | ||||||
| |||||||
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
| |||||||
|
12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | |||||
| |||||||
|
13 |
Percent of Class Represented by Amount in Row (11) | |||||
| |||||||
|
14 |
Type of Reporting Person | |||||
CUSIP No. Y2685T115 |
13D/A |
| |||||
| |||||||
|
1 |
Name of Reporting Person | |||||
| |||||||
|
2 |
Check the Appropriate Box if a Member of a Group | |||||
|
|
(a) |
o | ||||
|
|
(b) |
x | ||||
| |||||||
|
3 |
SEC Use Only | |||||
| |||||||
|
4 |
Source of Funds | |||||
| |||||||
|
5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||||
| |||||||
|
6 |
Citizenship or Place of Organization | |||||
| |||||||
Number of |
7 |
Sole Voting Power | |||||
| |||||||
8 |
Shared Voting Power | ||||||
| |||||||
9 |
Sole Dispositive Power | ||||||
| |||||||
10 |
Shared Dispositive Power | ||||||
| |||||||
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
| |||||||
|
12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | |||||
| |||||||
|
13 |
Percent of Class Represented by Amount in Row (11) | |||||
| |||||||
|
14 |
Type of Reporting Person | |||||
CUSIP No. Y2685T115 |
13D/A |
| |||||
| |||||||
|
1 |
Name of Reporting Person | |||||
| |||||||
|
2 |
Check the Appropriate Box if a Member of a Group | |||||
|
|
(a) |
o | ||||
|
|
(b) |
x | ||||
| |||||||
|
3 |
SEC Use Only | |||||
| |||||||
|
4 |
Source of Funds | |||||
| |||||||
|
5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||||
| |||||||
|
6 |
Citizenship or Place of Organization | |||||
| |||||||
Number of |
7 |
Sole Voting Power | |||||
| |||||||
8 |
Shared Voting Power | ||||||
| |||||||
9 |
Sole Dispositive Power | ||||||
| |||||||
10 |
Shared Dispositive Power | ||||||
| |||||||
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
| |||||||
|
12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | |||||
| |||||||
|
13 |
Percent of Class Represented by Amount in Row (11) | |||||
| |||||||
|
14 |
Type of Reporting Person | |||||
CUSIP No. Y2685T115 |
13D/A |
| |||||
| |||||||
|
1 |
Name of Reporting Person | |||||
| |||||||
|
2 |
Check the Appropriate Box if a Member of a Group | |||||
|
|
(a) |
o | ||||
|
|
(b) |
x | ||||
| |||||||
|
3 |
SEC Use Only | |||||
| |||||||
|
4 |
Source of Funds | |||||
| |||||||
|
5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||||
| |||||||
|
6 |
Citizenship or Place of Organization | |||||
| |||||||
Number of |
7 |
Sole Voting Power | |||||
| |||||||
8 |
Shared Voting Power | ||||||
| |||||||
9 |
Sole Dispositive Power | ||||||
| |||||||
10 |
Shared Dispositive Power | ||||||
| |||||||
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
| |||||||
|
12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | |||||
| |||||||
|
13 |
Percent of Class Represented by Amount in Row (11) | |||||
| |||||||
|
14 |
Type of Reporting Person | |||||
CUSIP No. Y2685T115 |
13D/A |
| |||||
| |||||||
|
1 |
Name of Reporting Person | |||||
| |||||||
|
2 |
Check the Appropriate Box if a Member of a Group | |||||
|
|
(a) |
o | ||||
|
|
(b) |
x | ||||
| |||||||
|
3 |
SEC Use Only | |||||
| |||||||
|
4 |
Source of Funds | |||||
| |||||||
|
5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||||
| |||||||
|
6 |
Citizenship or Place of Organization | |||||
| |||||||
Number of |
7 |
Sole Voting Power | |||||
| |||||||
8 |
Shared Voting Power | ||||||
| |||||||
9 |
Sole Dispositive Power | ||||||
| |||||||
10 |
Shared Dispositive Power | ||||||
| |||||||
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
| |||||||
|
12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | |||||
| |||||||
|
13 |
Percent of Class Represented by Amount in Row (11) | |||||
| |||||||
|
14 |
Type of Reporting Person | |||||
CUSIP No. Y2685T115 |
13D/A |
| |||||
| |||||||
|
1 |
Name of Reporting Person | |||||
| |||||||
|
2 |
Check the Appropriate Box if a Member of a Group | |||||
|
|
(a) |
o | ||||
|
|
(b) |
x | ||||
| |||||||
|
3 |
SEC Use Only | |||||
| |||||||
|
4 |
Source of Funds | |||||
| |||||||
|
5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||||
| |||||||
|
6 |
Citizenship or Place of Organization | |||||
| |||||||
Number of |
7 |
Sole Voting Power | |||||
| |||||||
8 |
Shared Voting Power | ||||||
| |||||||
9 |
Sole Dispositive Power | ||||||
| |||||||
10 |
Shared Dispositive Power | ||||||
| |||||||
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
| |||||||
|
12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | |||||
| |||||||
|
13 |
Percent of Class Represented by Amount in Row (11) | |||||
| |||||||
|
14 |
Type of Reporting Person | |||||
CUSIP No. Y2685T115 |
13D/A |
| |||||
| |||||||
|
1 |
Name of Reporting Person | |||||
| |||||||
|
2 |
Check the Appropriate Box if a Member of a Group | |||||
|
|
(a) |
o | ||||
|
|
(b) |
x | ||||
| |||||||
|
3 |
SEC Use Only | |||||
| |||||||
|
4 |
Source of Funds | |||||
| |||||||
|
5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||||
| |||||||
|
6 |
Citizenship or Place of Organization | |||||
| |||||||
Number of |
7 |
Sole Voting Power | |||||
| |||||||
8 |
Shared Voting Power | ||||||
| |||||||
9 |
Sole Dispositive Power | ||||||
| |||||||
10 |
Shared Dispositive Power | ||||||
| |||||||
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
| |||||||
|
12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* o | |||||
| |||||||
|
13 |
Percent of Class Represented by Amount in Row (11) | |||||
| |||||||
|
14 |
Type of Reporting Person | |||||
CUSIP No. Y2685T115 |
13D/A |
| |||||
| |||||||
|
1 |
Name of Reporting Person | |||||
| |||||||
|
2 |
Check the Appropriate Box if a Member of a Group | |||||
|
|
(a) |
o | ||||
|
|
(b) |
x | ||||
| |||||||
|
3 |
SEC Use Only | |||||
| |||||||
|
4 |
Source of Funds | |||||
| |||||||
|
5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||||
| |||||||
|
6 |
Citizenship or Place of Organization | |||||
| |||||||
Number of |
7 |
Sole Voting Power | |||||
| |||||||
8 |
Shared Voting Power | ||||||
| |||||||
9 |
Sole Dispositive Power | ||||||
| |||||||
10 |
Shared Dispositive Power | ||||||
| |||||||
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
| |||||||
|
12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* o | |||||
| |||||||
|
13 |
Percent of Class Represented by Amount in Row (11) | |||||
| |||||||
|
14 |
Type of Reporting Person | |||||
CUSIP No. Y2685T115 |
13D/A |
| |||||
| |||||||
|
1 |
Name of Reporting Person | |||||
| |||||||
|
2 |
Check the Appropriate Box if a Member of a Group | |||||
|
|
(a) |
o | ||||
|
|
(b) |
x | ||||
| |||||||
|
3 |
SEC Use Only | |||||
| |||||||
|
4 |
Source of Funds | |||||
| |||||||
|
5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||||
| |||||||
|
6 |
Citizenship or Place of Organization | |||||
| |||||||
Number of |
7 |
Sole Voting Power | |||||
| |||||||
8 |
Shared Voting Power | ||||||
| |||||||
9 |
Sole Dispositive Power | ||||||
| |||||||
10 |
Shared Dispositive Power | ||||||
| |||||||
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
| |||||||
|
12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* o | |||||
| |||||||
|
13 |
Percent of Class Represented by Amount in Row (11) | |||||
| |||||||
|
14 |
Type of Reporting Person | |||||
CUSIP No. Y2685T115 |
13D/A |
| |||||
| |||||||
|
1 |
Name of Reporting Person | |||||
| |||||||
|
2 |
Check the Appropriate Box if a Member of a Group | |||||
|
|
(a) |
o | ||||
|
|
(b) |
x | ||||
| |||||||
|
3 |
SEC Use Only | |||||
| |||||||
|
4 |
Source of Funds | |||||
| |||||||
|
5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||||
| |||||||
|
6 |
Citizenship or Place of Organization | |||||
| |||||||
Number of |
7 |
Sole Voting Power | |||||
| |||||||
8 |
Shared Voting Power | ||||||
| |||||||
9 |
Sole Dispositive Power | ||||||
| |||||||
10 |
Shared Dispositive Power | ||||||
| |||||||
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
| |||||||
|
12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* o | |||||
| |||||||
|
13 |
Percent of Class Represented by Amount in Row (11) | |||||
| |||||||
|
14 |
Type of Reporting Person | |||||
This Amendment No. 1 to Schedule 13D is filed by: (i) Apollo Centre Street Partnership, L.P. (ii) Apollo Franklin Partnership, L.P., (iii) Apollo Credit Opportunity Trading Fund III LP, (iv) AEC (Lux) S.á.r.l., (v) AES (Lux) S.á.r.l., (vi) ANS U.S. Holdings Ltd., (vii) Apollo Special Opportunities Managed Account, L.P., (viii) Apollo Zeus Strategic Investments, L.P., (ix) Apollo Centre Street Management, LLC, (x) Apollo Franklin Management, LLC, (xi) Apollo Credit Opportunity Fund III LP, (xii) Apollo Credit Opportunity Fund (Offshore) III LP, (xiii) Apollo Credit Opportunity Management III LLC, (xiv) Apollo European Credit Management, L.P., (xv) Apollo European Credit Management, LLC, (xvi) Apollo European Strategic Management, L.P., (xvii) Apollo European Strategic Management LLC, (xviii) Apollo SK Strategic Investments, L.P., (xix) Apollo SK Strategic Management, LLC, (xx) Apollo SOMA Advisors, L.P., (xxi) Apollo SOMA Capital Management, LLC, (xxii) Apollo Principal Holdings II, L.P., (xxiii) Apollo Principal Holdings II GP, LLC, (xxiv) Apollo SVF Management, L.P., (xxv) Apollo SVF Management GP, LLC, (xxvi) Apollo Zeus Strategic Management, LLC, (xxvii) Apollo Capital Management, L.P. (Capital Management), (xxviii) Apollo Capital Management GP, LLC, (xxix) Apollo Management Holdings, L.P., and (xxx) Apollo Management Holdings GP, LLC and supplements and amends the Statement on Schedule 13D filed on February 26, 2016 (the Initial Schedule 13D).
Unless otherwise indicated, capitalized terms used but not otherwise defined herein shall have the meaning assigned to such terms in the Initial Schedule 13D.
Responses to each item of this Statement on Schedule 13D/A are incorporated by reference into the response to each other item, as applicable.
Item 1. Security and Issuer
Item 2. Identity and Background
Item 3. Source and Amount of Funds or Other Consideration
Item 4. Purpose of Transaction
Item 4 is hereby amended and supplemented with the following:
On June 8, 2016, Capital Management delivered to the Issuer a letter agreement (the Commitment Letter) pursuant to which Capital Management, on behalf of certain funds and managed accounts, agreed to purchase $14,024,860 of equity securities of the Issuer at or immediately prior to the closing of a private placement. Capital Management will fund the commitment at or immediately prior to the Closing. Such equity securities shall consist of equity securities of the same class of securities and at the same per-security price as Issuer issues to purchasers in the private placement.
Capital Managements obligations under the Commitment Letter to fund its commitment automatically and immediately terminate after 11:59 p.m. on June 30, 2016 and are subject to the satisfaction of certain conditions, including the terms and conditions of the private placement. The summary of the Commitment Letter herein is not intended to be complete and is qualified in its entirety by reference to the full text of the Commitment Letter, attached hereto as Exhibit 2.
Other than as discussed above and in the Initial Schedule 13D, the Reporting Persons do not have any plans or proposals that would have any of the effects listed in Item 4(a)-(j) of Schedule 13D.
As described in the Issuers Form 8-K filed June 10, 2016, other stakeholders of the Issuer separately have entered into commitment letters that in each case are substantially similar to the Commitment Letter. The Reporting Persons expressly disclaim the existence of any group within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and Rule 13d-5 promulgated thereunder, between themselves or with any other stakeholders in the Issuer, and the entry into the Commitment Letter and this Schedule 13D/A shall not be construed as an admission that any Reporting Person is a member of a group with any such stakeholder, or any other person, or that the Reporting Persons beneficially own any shares of Common Stock beneficially owned by any other stakeholder, or any other person.
Item 5. Interest in Securities of the Issuer
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
Item 6 is hereby amended and supplemented with the following:
The information provided above in Item 4 of this Schedule 13D/A is incorporated by reference into this Item 6.
Item 7. Material to be Filed as Exhibits
Exhibit 2: |
Equity Financing Commitment Letter, dated as of June 8, 2016, from Apollo Capital Management, L.P. to Genco Shipping and Trading Limited. |
SIGNATURES
After reasonable inquiry and to the best knowledge and belief of each of the undersigned, each of the undersigned certifies that the information set forth in this statement with respect to such person is true, complete and correct.
Dated: June 10, 2016 |
| |||
|
APOLLO CENTRE STREET PARTNERSHIP, L.P. | |||
|
| |||
|
By: |
Apollo Centre Street Advisors (APO DC), L.P. | ||
|
|
its general partner | ||
|
|
| ||
|
|
By: |
Apollo Centre Street Advisors (APO DC-GP), LLC | |
|
|
|
its general partner | |
|
|
|
| |
|
|
|
By: |
/s/ Joseph D. Glatt |
|
|
|
|
Joseph D. Glatt |
|
|
|
|
Vice President |
|
|
|
|
|
|
|
|
|
|
|
APOLLO CENTRE STREET MANAGEMENT, LLC | |||
|
| |||
|
By: |
/s/ Joseph D. Glatt | ||
|
|
Joseph D. Glatt | ||
|
|
Vice President | ||
|
|
| ||
|
|
| ||
|
APOLLO FRANKLIN PARTNERSHIP, L.P. | |||
|
|
| ||
|
By: |
Apollo Franklin Advisors (APO DC), L.P. | ||
|
|
its general partner | ||
|
|
| ||
|
|
By: |
Apollo Franklin Advisors (APO DC-GP), LLC | |
|
|
|
its general partner | |
|
|
|
| |
|
|
|
By: |
/s/ Joseph D. Glatt |
|
|
|
|
Joseph D. Glatt |
|
|
|
|
Vice President |
|
|
|
|
|
|
|
|
|
|
|
APOLLO FRANKLIN MANAGEMENT, LLC | |||
|
| |||
|
By: |
/s/ Joseph D. Glatt | ||
|
|
Joseph D. Glatt | ||
|
|
Vice President |
|
APOLLO CREDIT OPPORTUNITY TRADING FUND III LP | ||||
|
| ||||
|
By: |
Apollo Credit Opportunity Fund III LP | |||
|
|
its general partner | |||
|
|
| |||
|
|
By: |
Apollo Credit Opportunity Advisors III (APO FC) LP | ||
|
|
|
its general partner | ||
|
|
|
| ||
|
|
|
By: |
Apollo Credit Opportunity Advisors III | |
|
|
|
|
(APO FC) GP LLC | |
|
|
|
|
its general partner | |
|
|
|
|
| |
|
|
|
|
By: |
/s/ Joseph D. Glatt |
|
|
|
|
|
Joseph D. Glatt |
|
|
|
|
|
Vice President |
|
| ||||
|
| ||||
|
APOLLO CREDIT OPPORTUNITY FUND III LP | ||||
|
| ||||
|
By: |
Apollo Credit Opportunity Advisors III (APO FC) LP | |||
|
|
its general partner | |||
|
|
| |||
|
|
By: |
Apollo Credit Opportunity Advisors III (APO FC) GP LLC | ||
|
|
|
its general partner | ||
|
|
|
| ||
|
|
|
By: |
/s/ Joseph D. Glatt | |
|
|
|
|
Joseph D. Glatt | |
|
|
|
|
Vice President | |
|
|
|
|
| |
|
| ||||
|
APOLLO CREDIT OPPORTUNITY FUND (OFFSHORE) III LP | ||||
|
| ||||
|
By: |
Apollo Credit Opportunity Advisors III (APO FC) LP | |||
|
|
its general partner | |||
|
|
| |||
|
|
By: |
Apollo Credit Opportunity Advisors III (APO FC) GP LLC | ||
|
|
|
its general partner | ||
|
|
|
| ||
|
|
|
By: |
/s/ Joseph D. Glatt | |
|
|
|
|
Joseph D. Glatt | |
|
|
|
|
Vice President | |
|
|
|
|
| |
|
|
|
|
| |
|
APOLLO CREDIT OPPORTUNITY MANAGEMENT III LLC | ||||
|
| ||||
|
By: |
/s/ Joseph D. Glatt | |||
|
|
Joseph D. Glatt | |||
|
|
Vice President |
|
AEC (LUX) S.Á.R.L. | |||
|
| |||
|
By: |
Apollo European Credit Management, L.P. | ||
|
|
its investment manager | ||
|
|
| ||
|
|
By: |
Apollo European Credit Management, LLC | |
|
|
|
its general partner | |
|
|
|
| |
|
|
|
By: |
/s/ Joseph D. Glatt |
|
|
|
|
Joseph D. Glatt |
|
|
|
|
Vice President |
|
|
|
|
|
|
APOLLO EUROPEAN CREDIT MANAGEMENT, L.P. | |||
|
| |||
|
By: |
Apollo European Credit Management, LLC | ||
|
|
its general partner | ||
|
|
| ||
|
|
By: |
/s/ Joseph D. Glatt | |
|
|
|
Joseph D. Glatt | |
|
|
|
Vice President | |
|
|
|
|
|
|
|
|
|
|
|
APOLLO EUROPEAN CREDIT MANAGEMENT, LLC | |||
|
| |||
|
By: |
/s/ Joseph D. Glatt | ||
|
|
Joseph D. Glatt | ||
|
|
Vice President | ||
|
| |||
|
| |||
|
AES (LUX) S.Á.R.L. | |||
|
|
| ||
|
By: |
Apollo European Strategic Management, L.P. | ||
|
|
its investment manager | ||
|
|
|
| |
|
|
By: |
Apollo European Strategic Management, LLC | |
|
|
|
its general partner | |
|
|
|
| |
|
|
|
By: |
/s/ Joseph D. Glatt |
|
|
|
|
Joseph D. Glatt |
|
|
|
|
Vice President |
|
|
|
|
|
|
|
|
|
|
|
APOLLO EUROPEAN STRATEGIC MANAGEMENT, L.P. | |||
|
| |||
|
By: |
Apollo European Strategic Management, LLC | ||
|
|
its general partner | ||
|
|
| ||
|
|
By: |
/s/ Joseph D. Glatt | |
|
|
|
Joseph D. Glatt | |
|
|
|
Vice President |
|
APOLLO EUROPEAN STRATEGIC MANAGEMENT, LLC | |||
|
|
| ||
|
By: |
/s/ Joseph D. Glatt | ||
|
|
Joseph D. Glatt | ||
|
|
Vice President | ||
|
|
| ||
|
| |||
|
APOLLO SPECIAL OPPORTUNITIES | |||
|
MANAGED ACCOUNT, L.P. | |||
|
|
| ||
|
By: |
Apollo SOMA Advisors, L.P. | ||
|
|
its general partner | ||
|
|
|
| |
|
|
By: |
Apollo SOMA Capital Management, LLC | |
|
|
|
its general partner | |
|
|
|
| |
|
|
|
By: |
/s/ Joseph D. Glatt |
|
|
|
|
Joseph D. Glatt |
|
|
|
|
Vice President |
|
|
|
|
|
|
| |||
|
APOLLO SOMA ADVISORS, L.P. | |||
|
|
| ||
|
By: |
Apollo SOMA Capital Management, LLC | ||
|
|
its general partner | ||
|
|
|
| |
|
|
By: |
/s/ Joseph D. Glatt | |
|
|
|
Joseph D. Glatt | |
|
|
|
Vice President | |
|
|
|
| |
|
| |||
|
APOLLO SOMA CAPITAL MANAGEMENT, LLC | |||
|
|
| ||
|
By: |
/s/ Joseph D. Glatt | ||
|
|
Joseph D. Glatt | ||
|
|
Vice President | ||
|
| |||
|
| |||
|
APOLLO PRINCIPAL HOLDINGS II, L.P. | |||
|
|
| ||
|
By: |
Apollo Principal Holdings II GP, LLC | ||
|
|
its general partner | ||
|
|
|
| |
|
|
By: |
/s/ Joseph D. Glatt | |
|
|
|
Joseph D. Glatt | |
|
|
|
Vice President |
|
APOLLO PRINCIPAL HOLDINGS II GP, LLC | ||||
|
|
| |||
|
By: |
/s/ Joseph D. Glatt | |||
|
|
Joseph D. Glatt | |||
|
|
Vice President | |||
|
|
| |||
|
| ||||
|
APOLLO SVF MANAGEMENT, L.P. | ||||
|
| ||||
|
By: |
Apollo SVF Management GP, LLC | |||
|
|
its general partner | |||
|
|
| |||
|
|
By: |
/s/ Joseph D. Glatt | ||
|
|
|
Joseph D. Glatt | ||
|
|
|
Vice President | ||
|
|
|
| ||
|
| ||||
|
APOLLO SVF MANAGEMENT GP, LLC | ||||
|
| ||||
|
By: |
/s/ Joseph D. Glatt | |||
|
|
Joseph D. Glatt | |||
|
|
Vice President | |||
|
| ||||
|
| ||||
|
ANS U.S. HOLDINGS LTD. | ||||
|
|
| |||
|
By: |
Apollo SK Strategic Investments, L.P. | |||
|
|
its sole member-manager | |||
|
|
|
| ||
|
|
By: |
Apollo SK Strategic Advisors GP, L.P. | ||
|
|
|
its general partner | ||
|
|
|
| ||
|
|
|
By: |
Apollo SK Strategic Advisors, LLC | |
|
|
|
|
| |
|
|
|
|
By: |
/s/ Joseph D. Glatt |
|
|
|
|
|
Joseph D. Glatt |
|
|
|
|
|
Vice President |
|
| ||||
|
| ||||
|
APOLLO SK STRATEGIC INVESTMENTS, L.P. | ||||
|
|
| |||
|
By: |
Apollo SK Strategic Advisors, L.P. | |||
|
|
its general partner | |||
|
|
|
| ||
|
|
By: |
Apollo SK Strategic Advisors, LLC | ||
|
|
|
its general partner | ||
|
|
|
| ||
|
|
|
By: |
/s/ Joseph D. Glatt | |
|
|
|
|
Joseph D. Glatt | |
|
|
|
|
Vice President |
|
APOLLO SK STRATEGIC MANAGEMENT, LLC | |||
|
| |||
|
By: |
Apollo Capital Management, L.P. | ||
|
|
its sole member | ||
|
|
| ||
|
|
By: |
/s/ Joseph D. Glatt | |
|
|
|
Joseph D. Glatt | |
|
|
|
Vice President | |
|
| |||
|
| |||
|
APOLLO ZEUS STRATEGIC INVESTMENTS, L.P. | |||
|
|
| ||
|
By: |
Apollo Zeus Strategic Advisors, L.P. | ||
|
|
its general partner | ||
|
|
|
| |
|
|
By: |
Apollo Zeus Strategic Advisors, LLC | |
|
|
|
its general partner | |
|
|
|
| |
|
|
|
By: |
/s/ Joseph D. Glatt |
|
|
|
|
Joseph D. Glatt |
|
|
|
|
Vice President |
|
| |||
|
APOLLO ZEUS STRATEGIC MANAGEMENT, LLC | |||
|
| |||
|
By: |
/s/ Joseph D. Glatt | ||
|
|
Joseph D. Glatt | ||
|
|
Vice President | ||
|
| |||
|
| |||
|
APOLLO CAPITAL MANAGEMENT, L.P. | |||
|
| |||
|
By: |
Apollo Capital Management GP, LLC | ||
|
|
its general partner | ||
|
|
| ||
|
|
By: |
/s/ Joseph D. Glatt | |
|
|
|
Joseph D. Glatt | |
|
|
|
Vice President | |
|
| |||
|
| |||
|
APOLLO CAPITAL MANAGEMENT GP, LLC | |||
|
| |||
|
By: |
/s/ Joseph D. Glatt | ||
|
|
Joseph D. Glatt | ||
|
|
Vice President |
Exhibit 2
June 8, 2016
Genco Shipping & Trading Limited
299 Park Avenue, 12th Floor
New York, NY 10171
Re: Equity Financing Commitment
Gentlemen:
This letter agreement (this Agreement) sets forth the commitment of the entities listed on Exhibit A hereto (each such entity being an Investor) to purchase, or cause an assignee permitted by paragraph 2 of this Agreement to purchase, equity securities of Genco Shipping & Trading Limited, a Marshall Islands corporation (Genco), at or immediately prior to the closing (the Closing) of a private placement of equity securities of Genco (the Private Placement) on the terms and conditions set forth herein and such other terms and conditions as are satisfactory to each Investor in its sole discretion. The Investor acknowledges and agrees that the Private Placement will be a private placement under the Securities Act of 1933, as amended, for which the investor will give customary representations and warranties.
1. On the terms and conditions set forth herein and such other terms and conditions for the Private Placement as are satisfactory to each Investor in its sole discretion, each Investor hereby commits to purchase, or cause an assignee permitted by paragraph 2 of this Agreement to purchase, directly or indirectly, at or immediately prior to the Closing the minimum dollar amount of equity securities of Genco set forth opposite such Investors name on Exhibit A to this Agreement (such Investors Commitment). Each Investor will fund the Commitment at or immediately prior to the Closing. Such equity securities shall consist of equity securities of the same class of securities and at the same per-security price as Genco issues to purchasers in the Private Placement.
2. This Agreement and the obligation of each Investor to fund its Commitment, or cause its Commitment to be funded, shall automatically and immediately terminate after 11:59 p.m. on June 30, 2016. Paragraphs 2, 3, 4 and 8 shall remain in full force and effect, notwithstanding any termination of this Agreement. The Commitments set forth herein shall not be assignable by Genco without the applicable Investors prior written consent, and the granting of such consent in a given instance shall be solely in the discretion of such Investor and, if granted, shall not constitute a waiver of this requirement as to any subsequent assignment. The obligations of an Investor hereunder shall not be assignable by such Investor without Gencos prior written consent, and the granting of such consent in a given instance shall be solely in the discretion of Genco and, if granted, shall not constitute a waiver of this requirement as to any subsequent assignment; provided that an Investor may assign one or more portions of its Commitment to any of its Affiliates and/or to any fund or entity advised by such Investor or its Affiliates; provided further, that no such assignment by an Investor shall relieve such Investor of any of its
obligations hereunder. For purposes hereof, Affiliates, in relation to a person or entity, means any other person or entity which, directly or indirectly, controls, or is controlled by, or is under common control with, such person or entity; and control means the possession, directly or indirectly, of the power to direct or cause the direction of management or policies of a person, whether through the ownership of securities or partnership or other ownership interest, by contract or otherwise. Any transfer or assignment in violation of the preceding three sentences shall be null and void. This Agreement sets forth the entire agreement of the parties with respect to the subject matter hereof and supersedes all prior arrangements and understandings with respect thereto.
3. This Agreement is solely for the benefit of the parties hereto and is not intended to, nor does it, confer any benefits on, or create any rights or remedies in favor of, any other person or entity.
4. Each party acknowledges and agrees that (a) this Agreement is not intended to, and does not, create any agency, partnership, fiduciary or joint venture relationship between or among any of the parties hereto and neither this Agreement nor any other document or agreement entered into by any party hereto relating to the subject matter hereof shall be construed to suggest otherwise and (b) the obligations of the Investor under this Agreement are solely contractual and not fiduciary in nature.
5. The funding of the Commitment of each Investor under this Agreement shall be subject to the satisfaction or waiver by such Investor, prior to the Closing, of the following conditions:
(a) There shall not have occurred any event, occurrence, revelation or development of a state of circumstances or facts since the date hereof which, individually or in the aggregate, has had a material adverse effect on Gencos financial condition, business, assets or results of operation.
(b) No applicable law or regulation shall prohibit the funding of the Commitment or the consummation of the Private Placement, and a customary legal opinion on the validity and legality of the securities shall have been delivered to the Investor.
(c) All actions by or in respect of, or filings with, any governmental or regulatory authority required as of the date of funding of the Commitment to permit such funding and the consummation of the Private Placement shall have been taken, made or obtained.
(d) Concurrently with such funding, affiliates of Centerbridge Partners, L.P. and Strategic Value Partners, LLC shall fund their Commitments for the Private Placement by purchasing equity securities of the same class and at the same per-security price and upon the same terms and conditions as the securities purchased by the Investor.
(e) All terms and conditions of, including without limitation the size of the offering, and definitive documentation for, the Private Placement shall be acceptable to each Investor in its sole discretion.
6. The Investor hereby represents and warrants with respect to itself to Genco that (a) it has all limited partnership, limited liability company, corporate or other organizational power and authority to execute, deliver and perform this Agreement; (b) the execution, delivery and performance of this Agreement by the Investor has been duly and validly authorized and approved by all necessary limited partnership, limited liability company, corporate or other organizational action by it; (c) this Agreement has been duly and validly executed and delivered by it and, assuming due and valid authorization, execution and delivery by the other parties hereto, constitutes a valid and legally binding obligation of it; enforceable against it in accordance with the terms of this Agreement except as such enforceability may
be limited under applicable bankruptcy, insolvency, moratorium, reorganization or similar laws from time to time in effect affecting the enforcement of creditors rights generally, or by general principles of equity; (d) it has and will have for so long as this Agreement shall remain in effect uncalled capital commitments or otherwise will have available funds sufficient to fund the amount of its Commitment when and as required hereunder; and (e) all consents, approvals, authorizations, permits of, filings with and notifications to, any governmental authority or other third party necessary for the due execution, delivery and performance of this Agreement by the Investor have been obtained or made and all conditions thereof have been duly complied with, and no other action by, and no notice to or filing with, any governmental authority or other third party is required in connection with the execution, delivery or performance of this Agreement.
7. This Agreement may not be amended or otherwise modified without the prior written consent of Genco and the Investor.
8.
(a) THE AGREEMENT AND ALL ACTIONS (WHETHER AT LAW, IN CONTRACT OR IN TORT) THAT MAY BE BASED UPON, ARISE OUT OF OR RELATE TO THIS AGREEMENT, OR THE NEGOTIATION, EXECUTION OR PERFORMANCE HEREOF SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW. Each of the parties hereto irrevocably submits to the exclusive jurisdiction of the New York State courts located in the City and County of New York and the United States District Court for the Southern District of New York for the purpose of any action arising out of or relating to this Agreement, and each of the parties hereto irrevocably agrees that all claims in respect of such action may be heard and determined exclusively such courts. Each of the parties hereto agrees that a final judgment in any action shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by applicable law. Each of the parties hereto irrevocably consents to the service of any summons and complaint and any other process in any other action relating to the Commitment or this Agreement, on behalf of itself or its property, by the personal delivery of copies of such process to such party. Nothing in this paragraph 8(a) shall affect the right of any party hereto to serve legal process in any other manner permitted by applicable law.
(b) EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY THAT MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION, DIRECTLY OR INDIRECTLY, ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, (B) EACH SUCH PARTY UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (C) EACH SUCH PARTY MAKES THIS WAIVER VOLUNTARILY, AND (D) EACH SUCH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE WAIVERS AND CERTIFICATIONS IN THIS PARAGRAPH 8(b).
9. This Agreement and any signed agreement or instrument entered into in connection with this Agreement, and any amendments or waivers hereto or thereto, to the extent signed and delivered by means of a facsimile machine or by e-mail delivery of a .pdf format data file, shall be treated in all manner and respects as an original agreement or instrument and shall be considered to have the same binding legal effect as if it were the original signed version thereof delivered in person. No party hereto or to any such agreement or instrument shall raise the use of a facsimile machine or e-mail delivery of a .pdf format data file to deliver a signature to this Agreement or any amendment hereto or the fact that any signature or agreement or instrument was transmitted or communicated through the use of a facsimile machine or e-mail delivery of a .pdf format data file as a defense to the formation of a contract and each party hereto forever waives any such defense.
10. This Agreement may be executed in any number of counterparts, each such counterpart being deemed to be an original instrument, and all such counterparts shall together constitute the same agreement
11. The obligations of the Investors hereunder shall be several and not joint.
[Signature page follows.]
If this Agreement is agreeable to you, please so indicate by signing in the space indicated below.
|
Very truly yours, | |
|
| |
|
| |
|
APOLLO CAPITAL MANAGEMENT, L.P. | |
|
| |
|
By: Apollo Capital Management GP, LLC, | |
|
its general partner | |
|
|
|
|
|
|
|
By: |
/s/ Joseph D. Glatt |
|
Name: |
Joseph D. Glatt |
|
Title: |
Vice President |
Accepted and agreed as of the date first set forth above:
GENCO SHIPPING & TRADING LIMITED
By: |
/s/ John C. Wobensmith |
|
|
Name: |
John C. Wobensmith |
|
|
Title: |
President |
|
|
Signature Page to Equity Commitment Letter
Exhibit A
Investor Name |
|
Commitment |
| |
|
|
|
| |
Apollo Capital Management, L.P., on behalf of certain funds and managed accounts |
|
$ |
14,024,860 |
|