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Home > Insider Trading > Latest 13D and 13G Filings > 13D Filing (0000902664-21-002698)

Filing Details

Accession Number:
0000902664-21-002698
Form Type:
13D Filing
Publication Date:
2021-05-11 20:00:00
Filed By:
Centerbridge Credit Partners, L.p.
Company:
Genco Shipping & Trading Ltd (NYSE:GNK)
Filing Date:
2021-05-12
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Centerbridge Credit Partners 0 682,256 0 682,256 682,256 1.63%
Centerbridge Credit Partners General Partner 0 682,256 0 682,256 682,256 1.63%
Centerbridge Credit Cayman GP Ltd 0 1,857,215 0 1,857,215 1,857,215 4.43%
Centerbridge Credit Partners Master 0 1,174,959 0 1,174,959 1,174,959 2.80%
Centerbridge Credit Partners Offshore General Partner 0 1,174,959 0 1,174,959 1,174,959 2.80%
Centerbridge Capital Partners II (Cayman) 0 4,810,328 0 4,810,328 4,810,328 11.48%
Centerbridge Capital Partners SBS II (Cayman) 0 35,214 0 35,214 35,214 0.08%
Centerbridge Associates II (Cayman) 0 4,810,328 0 4,810,328 4,810,328 11.48%
CCP II Cayman GP Ltd 0 4,845,542 0 4,845,542 4,845,542 11.56%
Centerbridge Special Credit Partners II AIV IV (Cayman) 0 444,939 0 444,939 444,939 1.06%
Centerbridge Special Credit Partners General Partner II (Cayman) 0 444,939 0 444,939 444,939 1.06%
Centerbridge Special Credit Partners II 0 189,258 0 189,258 189,258 0.45%
Centerbridge Special Credit Partners General Partner II 0 189,258 0 189,258 189,258 0.45%
CSCP II Cayman GP Ltd 0 634,197 0 634,197 634,197 1.51%
Jeffrey H. Aronson 0 7,336,954 0 7,336,954 7,336,954 17.51%
Filing
SECURITIES AND EXCHANGE COMMISSION  
Washington, D.C. 20549  
   
SCHEDULE 13D/A
 
Under the Securities Exchange Act of 1934
(Amendment No. 16)*
 

Genco Shipping & Trading Limited

(Name of Issuer)
 

Common Stock, $0.01 Par Value

(Title of Class of Securities)
 

Y2685T131

(CUSIP Number)
 
Susanne V. Clark

c/o Centerbridge Partners, L.P.

375 Park Avenue

New York, NY 10152

(212) 672-5000

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
 

May 10, 2021

(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 that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box. ¨

 

(Page 1 of 23 Pages)

* The remainder of this cover page shall be filled out for a reporting person’s 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 (“Act”) 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. Y2685T115SCHEDULE 13D/APage 2 of 23 Pages

 

1

NAME OF REPORTING PERSON

Centerbridge Credit Partners, L.P.

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) x

3 SEC USE ONLY
4

SOURCE OF FUNDS

OO

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH		 7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

682,256

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

682,256

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

682,256

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

1.63%

14

TYPE OF REPORTING PERSON

PN

           

 

CUSIP No. Y2685T115SCHEDULE 13D/APage 3 of 23 Pages

 

 

1

NAME OF REPORTING PERSON

Centerbridge Credit Partners General Partner, L.P.

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) x

3 SEC USE ONLY
4

SOURCE OF FUNDS

OO

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH		 7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

682,256

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

682,256

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

682,256

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

1.63%

14

TYPE OF REPORTING PERSON

PN

         

 

CUSIP No. Y2685T115SCHEDULE 13D/APage 4 of 23 Pages

 

 

1

NAME OF REPORTING PERSON

Centerbridge Credit Cayman GP Ltd.

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) x

3 SEC USE ONLY
4

SOURCE OF FUNDS

OO

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

Cayman Islands

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH		 7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

1,857,215

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

1,857,215

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,857,215

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

4.43%

14

TYPE OF REPORTING PERSON

CO

         

 

 

CUSIP No. Y2685T115SCHEDULE 13D/APage 5 of 23 Pages

 

 

1

NAME OF REPORTING PERSON

Centerbridge Credit Partners Master, L.P.

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) x

3 SEC USE ONLY
4

SOURCE OF FUNDS

OO

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

Cayman Islands

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH		 7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

1,174,959

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

1,174,959

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,174,959

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

2.80%

14

TYPE OF REPORTING PERSON

PN

           

 

CUSIP No. Y2685T115SCHEDULE 13D/APage 6 of 23 Pages

 

 

1

NAME OF REPORTING PERSON

Centerbridge Credit Partners Offshore General Partner, L.P.

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) x

3 SEC USE ONLY
4

SOURCE OF FUNDS

OO

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH		 7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

1,174,959

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

1,174,959

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,174,959

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

2.80%

14

TYPE OF REPORTING PERSON

PN

         

 

CUSIP No. Y2685T115SCHEDULE 13D/APage 7 of 23 Pages

 

 

1

NAME OF REPORTING PERSON

Centerbridge Capital Partners II (Cayman), L.P.

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) x

3 SEC USE ONLY
4

SOURCE OF FUNDS

OO

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

Cayman Islands

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH		 7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

4,810,328

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

4,810,328

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

4,810,328

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

11.48%

14

TYPE OF REPORTING PERSON

PN

           

 

CUSIP No. Y2685T115SCHEDULE 13D/APage 8 of 23 Pages

 

 

1

NAME OF REPORTING PERSON

Centerbridge Capital Partners SBS II (Cayman), L.P.

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) x

3 SEC USE ONLY
4

SOURCE OF FUNDS

OO

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

Cayman Islands

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH		 7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

35,214

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

35,214

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

35,214

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

0.08%

14

TYPE OF REPORTING PERSON

PN

           

 

 

CUSIP No. Y2685T115SCHEDULE 13D/APage 9 of 23 Pages

 

 

1

NAME OF REPORTING PERSON

Centerbridge Associates II (Cayman), L.P.

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) x

3 SEC USE ONLY
4

SOURCE OF FUNDS

OO

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

Cayman Islands

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH		 7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

4,810,328

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

4,810,328

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

4,810,328

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

11.48%

14

TYPE OF REPORTING PERSON

PN

           

 

CUSIP No. Y2685T115SCHEDULE 13D/APage 10 of 23 Pages

 

 

1

NAME OF REPORTING PERSON

CCP II Cayman GP Ltd.

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) x

3 SEC USE ONLY
4

SOURCE OF FUNDS

OO

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

Cayman Islands

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH		 7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

4,845,542

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

4,845,542

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

4,845,542

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

11.56%

14

TYPE OF REPORTING PERSON

CO

           

 

CUSIP No. Y2685T115SCHEDULE 13D/APage 11 of 23 Pages

 

 

1

NAME OF REPORTING PERSON

Centerbridge Special Credit Partners II AIV IV (Cayman), L.P.

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) x

3 SEC USE ONLY
4

SOURCE OF FUNDS

OO

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

Cayman Islands

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH		 7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

444,939

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

444,939

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

444,939

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

1.06%

14

TYPE OF REPORTING PERSON

PN

           

 

CUSIP No. Y2685T115SCHEDULE 13D/APage 12 of 23 Pages

 

 

1

NAME OF REPORTING PERSON

Centerbridge Special Credit Partners General Partner II (Cayman), L.P.

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) x

3 SEC USE ONLY
4

SOURCE OF FUNDS

OO

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

Cayman Islands

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH		 7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

444,939

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

444,939

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

444,939

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

1.06%

14

TYPE OF REPORTING PERSON

PN

           

 

CUSIP No. Y2685T115SCHEDULE 13D/APage 13 of 23 Pages

 

 

1

NAME OF REPORTING PERSON

Centerbridge Special Credit Partners II, L.P.

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) x

3 SEC USE ONLY
4

SOURCE OF FUNDS

OO

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH		 7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

189,258

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

189,258

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

189,258

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

0.45%

14

TYPE OF REPORTING PERSON

PN

           


 

CUSIP No. Y2685T115SCHEDULE 13D/APage 14 of 23 Pages

 

1

NAME OF REPORTING PERSON

Centerbridge Special Credit Partners General Partner II, L.P.

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) x

3 SEC USE ONLY
4

SOURCE OF FUNDS

OO

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH		 7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

189,258

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

189,258

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

189,258

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

0.45%

14

TYPE OF REPORTING PERSON

PN

           

 

CUSIP No. Y2685T115SCHEDULE 13D/APage 15 of 23 Pages


1

NAME OF REPORTING PERSON

CSCP II Cayman GP Ltd.

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) x

3 SEC USE ONLY
4

SOURCE OF FUNDS

OO

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

Cayman Islands

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH		 7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

634,197

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

634,197

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

634,197

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

1.51%

14

TYPE OF REPORTING PERSON

CO

           

 

CUSIP No. Y2685T115SCHEDULE 13D/APage 16 of 23 Pages

 

 

1

NAME OF REPORTING PERSON

Jeffrey H. Aronson

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) x

3 SEC USE ONLY
4

SOURCE OF FUNDS

OO

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

United States

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH		 7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

7,336,954

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

7,336,954

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

7,336,954

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

17.51%

14

TYPE OF REPORTING PERSON

IN

           

 

CUSIP No. Y2685T115SCHEDULE 13D/APage 17 of 23 Pages

This Amendment No. 16 (“Amendment No. 16”) amends and supplements the statement on Schedule 13D (the “Original Schedule 13D”) filed with the Securities and Exchange Commission (the “SEC”) on July 21, 2014, as amended by Amendment No. 1 (“Amendment No. 1”) filed with the SEC on July 23, 2015, Amendment No. 2 (“Amendment No. 2”) filed with the SEC on September 17, 2015, Amendment No. 3 (“Amendment No. 3”) filed with the SEC on May 11, 2016, Amendment No. 4 (“Amendment No. 4”) filed with the SEC on June 10, 2016, Amendment No. 5 (“Amendment No. 5”) filed with the SEC on July 1, 2016, Amendment No. 6 (“Amendment No. 6”) filed with the SEC on October 11, 2016, Amendment No. 7 (“Amendment No. 7”) filed with the SEC on October 31, 2016, Amendment No. 8 (“Amendment No. 8”) filed with the SEC on December 6, 2016, Amendment No. 9 (“Amendment No. 9”) filed with the SEC on January 6, 2017, Amendment No. 10 (“Amendment No. 10”) filed with the SEC on December 13, 2017, Amendment No. 11 (“Amendment No. 11”) filed with the SEC on February 6, 2018, Amendment No. 12 (“Amendment No. 12”) filed with the SEC on December 28, 2020, Amendment No. 13 (“Amendment No. 13”) filed with the SEC on January 11, 2021, Amendment No. 14 (“Amendment No. 14”) filed with the SEC on February 3, 2021, and Amendment No. 15 filed with the SEC on March 29, 2021 (the Original Schedule 13D as amended by Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5, Amendment No. 6, Amendment No. 7, Amendment No. 8, Amendment No. 9, Amendment No. 10, Amendment No. 11, Amendment No. 12, Amendment No. 13, Amendment No. 14, Amendment No. 15 and this Amendment No. 16, the “Schedule 13D”), with respect to the shares of common stock, par value $0.01 per share (the “Common Stock”) of Genco Shipping & Trading Limited, a corporation organized under the laws of the Republic of the Marshall Islands (the “Issuer”). This Amendment No. 16 amends Item 5 as set forth below.

 

 

Item 5. INTEREST IN SECURITIES OF THE ISSUER
   
  Items 5(a)-(c) of the Schedule 13D is hereby amended and restated as follows:
   
 

(a)– (b) The percentages of Common Stock reported herein are based on 41,912,432 shares of Common Stock outstanding as of May 5, 2021, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2021, filed with the Securities and Exchange Commission on May 5, 2021.

 

The information required by Items 5(a) – (b) is set forth in rows 7 – 13 of the cover page for each of the Reporting Persons and is incorporated herein by reference.

 

(c) Information concerning transactions in the shares of Common Stock effected by the Reporting Persons since the filing of Amendment No. 15 is set forth in Schedule A, which is attached hereto and is incorporated herein by reference. All of the transactions in the shares of Common Stock listed therein were effected in the open market through various brokerage entities.

 

 

CUSIP No. Y2685T115SCHEDULE 13D/APage 18 of 23 Pages

 

SIGNATURES

 

After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Date: May 12, 2021

 

  CENTERBRIDGE CREDIT PARTNERS, L.P.
   
  By: Centerbridge Credit Partners
    General Partner, L.P., its general partner
   
  By: Centerbridge Credit Cayman GP Ltd., its general partner
   
   
  /s/ Susanne V. Clark
  Name:  Susanne V. Clark
  Title:    Authorized Signatory
   
   
  CENTERBRIDGE CREDIT PARTNERS GENERAL PARTNER, L.P.
   
  By: Centerbridge Credit Cayman GP Ltd., its general partner
   
   
  /s/ Susanne V. Clark
  Name:  Susanne V. Clark
  Title:    Authorized Signatory
   
   
  Centerbridge Credit Cayman GP Ltd.
   
   
  /s/ Susanne V. Clark
  Name:  Susanne V. Clark
  Title:    Authorized Signatory
   
   

 

 

CUSIP No. Y2685T115SCHEDULE 13D/APage 19 of 23 Pages

 

 

  CENTERBRIDGE CREDIT PARTNERS MASTER, L.P.
   
  By: Centerbridge Credit Partners Offshore General Partner, L.P., its general partner
  By: Centerbridge Credit Cayman GP Ltd., its general partner
   
   
  /s/ Susanne V. Clark
  Name:  Susanne V. Clark
  Title:    Authorized Signatory
   
   
  CENTERBRIDGE CREDIT PARTNERS OFFSHORE GENERAL PARTNER, L.P
   
  By: By:  Centerbridge Credit Cayman GP Ltd., its general partner
   
   
  /s/ Susanne V. Clark
  Name:  Susanne V. Clark
  Title:    Authorized Signatory
   
   
  CENTERBRIDGE CAPITAL PARTNERS II (CAYMAN), L.P.
   
  By:

Centerbridge Associates II (Cayman), L.P.,

its general partner

  By:

CCP II Cayman GP Ltd., its

general partner

   
   
  /s/ Susanne V. Clark
  Name:  Susanne V. Clark
  Title:  Authorized Signatory
   
   
  CENTERBRIDGE CAPITAL PARTNERS SBS II (CAYMAN), L.P.
   
  By:

CCP II Cayman GP Ltd., its

general partner

   
   
  /s/ Susanne V. Clark
  Name:  Susanne V. Clark
  Title:  Authorized Signatory

 

CUSIP No. Y2685T115SCHEDULE 13D/APage 20 of 23 Pages

 

  CENTERBRIDGE ASSOCIATES II (CAYMAN), L.P.
   
  By:

CCP II Cayman GP Ltd., its

general partner

   
   
  /s/ Susanne V. Clark
  Name:  Susanne V. Clark
  Title:    Authorized Signatory
   
   
  CCP II CAYMAN GP LTD.
   
   
  /s/ Susanne V. Clark
  Name:  Susanne V. Clark
  Title:    Authorized Signatory
   
   
  CENTERBRIDGE SPECIAL CREDIT PARTNERS II AIV IV (CAYMAN), L.P.
   
  By: Centerbridge Special Credit Partners General Partner II (Cayman), L.P., its general partner
  By: CSCP II Cayman GP Ltd., its general partner
   
   
  /s/ Susanne V. Clark
  Name:  Susanne V. Clark
  Title:  Authorized Signatory
   
   
  CENTERBRIDGE SPECIAL CREDIT PARTNERS GENERAL PARTNER II (CAYMAN), L.P.
   
  By: CSCP II Cayman GP Ltd., its general partner
   
   
  /s/ Susanne V. Clark
  Name:  Susanne V. Clark
  Title:    Authorized Signatory
   
   

 

 

CUSIP No. Y2685T115SCHEDULE 13D/APage 21 of 23 Pages

 

 

  CSCP II CAYMAN GP LTD.
   
   
  /s/ Susanne V. Clark
  Name:  Susanne V. Clark
  Title:  Authorized Signatory
   
   
  CENTERBRIDGE SPECIAL CREDIT PARTNERS II, L.P.
   
  By:

Centerbridge Special Credit Partners

General Partner II, L.P.,

its general partner

  By:

CSCP II Cayman GP Ltd., its

general partner

   
   
  /s/ Susanne V. Clark
  Name:  Susanne V. Clark
  Title:    Authorized Signatory
   
   
 

CENTERBRIDGE SPECIAL CREDIT PARTNERS

GENERAL PARTNER II, L.P

   
  By: CSCP II Cayman GP Ltd., its general partner
   
   
  /s/ Susanne V. Clark
  Name:  Susanne V. Clark
  Title:    Authorized Signatory
   
   
  JEFFREY H. ARONSON
   
  /s/ Jeffrey H. Aronson

 

 

 

CUSIP No. Y2685T115SCHEDULE 13D/APage 22 of 23 Pages

 

 

SCHEDULE A

 

Transactions in the SHARES OF COMMON STOCK of the Issuer
SINCE the FILING OF AMENDMENT NO. 15

 

The following tables set forth all transactions in the shares of Common Stock effected since the filing of Amendment No. 15 by the Reporting Persons. Except as noted below, all such transactions were effected in the open market through brokers and the price per share is net of commissions.

 

 

CENTERBRIDGE CREDIT PARTNERS MASTER, L.P.:

 

Trade Date Shares Purchased (Sold) Price Per Share ($)*
05/07/2021 (177,029) 16.433
05/10/2021 (47,160) 16.50
05/10/2021 (35,370) 16.4667
05/10/2021 (11,790) 16.57
05/10/2021 (23,580) 16.585
05/11/2021 (70,740) 16.0334
05/11/2021 (14,431) 16.00
05/11/2021 (35,370) 16.0333
     
     
     
     
     
     
     
     

 

 

CENTERBRIDGE CREDIT PARTNERS, L.P.:

 

Trade Date Shares Purchased (Sold) Price Per Share ($)*
05/07/2021 (102,795) 16.433
05/10/2021 (27,385) 16.50
05/10/2021 (20,538) 16.4667
05/10/2021 (6,846) 16.57
05/10/2021 (13,692) 16.585
05/11/2021 (41,077) 16.0334
05/11/2021 (8,380) 16.00
05/11/2021 (20,538) 16.333
     
     
     
     
     
     
     

 

CUSIP No. Y2685T115SCHEDULE 13D/APage 23 of 23 Pages

 

     

 

 

CENTERBRIDGE SPECIAL CREDIT PARTNERS II AIV IV (CAYMAN), L.P.:

 

Trade Date Shares Purchased (Sold) Price Per Share ($)*
05/07/2021 (95,554) 16.433
05/10/2021 (25,455) 16.50
05/10/2021 (19,092) 16.4667
05/10/2021 (6,364) 16.57
05/10/2021 (12,728) 16.585
05/11/2021 (38,183) 16.0334
05/11/2021 (7,789) 16.00
05/11/2021 (19,092) 16.0333
     
     
     
     
     
     
     
     

 

 

*       Excluding commissions, SEC fees, etc. (rounded to nearest cent).