Genco Shipping & Trading entered into a five-year senior secured credit facility in an aggregate principal amount of up to $108 million. Crédit Agricole served as administrative agent on the transaction.
Genco Shipping & Trading received a commitment for a five-year, $107 million senior secured credit facility led by Crédit Agricole.
Genco Shipping & Trading closed a $400 million credit facility and certain amendments to the company’s existing credit facility and term loan facilities with ABN AMRO.
Bloomberg reported Genco Shipping & Trading won approval of its restructuring plan from a judge who sided with the company in a valuation dispute with shareholders seeking bigger payouts.