13D Filing: Avenue Capital Management II, L.P. and Gener8 Maritime Inc. (GNRT)

CUSIP No. Y26889108

13D

Item 1.

Security and Issuer.

This Amendment No.1 (this Amendment) to Schedule 13D relates to shares of common stock (the Shares) of Gener8 Maritime, Inc., a Marshall Islands corporation (the Issuer).  The Issuers principal executive offices are located at 299 Park Avenue, Second Floor, New York, New York 10171.

Item 5.

Interest in Securities of the Issuer.

The disclosure in Item 5(a) is hereby amended and restated as follows:

(a) The aggregate number of Shares to which this Schedule 13D relates is 5,712,814.  Such aggregate number of Shares represents 6.9% of the common stock of the Issuer.  The percentage reported in this Schedule 13D/A is calculated based upon 83,267,426 Shares reported to be outstanding as of March 9, 2018 in the Form 10-K filed by the Issuer with the Securities and Exchange Commission March 15, 2018.

The disclosure in Item 5(b) is hereby amended and restated as follows:

(b) Marc Lasry shares the power to vote or to direct the vote and share the power to dispose or to direct the disposition of 5,712,814 Shares held by certain private funds managed by Avenue Capital Management and Avenue Europe International Management, L.P., a Delaware limited partnership (Avenue Europe International).  Avenue Capital Management II GenPar, LLC, a Delaware limited liability company, is the general partner of Avenue Capital Management.  Avenue Europe International Management GenPar, LLC, a Delaware limited liability company, is the general partner of Avenue Europe International.  The principal business address of Avenue Europe International and Avenue Europe International Management GenPar, LLC is 399 Park Avenue, 6th Floor, New York, NY 10022.  During the last five years, neither Avenue Europe International or Avenue Europe International Management GenPar, LLC have been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). During the last five years, neither Avenue Europe International or Avenue Europe International Management GenPar, LLC have been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgement, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or findings any violation with respect to such laws.