Filing Details
- Accession Number:
- 0000902664-16-007324
- Form Type:
- 13D Filing
- Publication Date:
- 2016-06-10 08:31:02
- Filed By:
- Centerbridge Credit Partners, L.p.
- Company:
- Genco Shipping & Trading Ltd (NYSE:GNK)
- Filing Date:
- 2016-06-10
- SEC Url:
- 13D Filing
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 | 3,204,641 | 0 | 3,204,641 | 3,204,641 | 4.4% |
| Centerbridge Credit Partners General Partner | 0 | 3,204,641 | 0 | 3,204,641 | 3,204,641 | 4.4% |
| Centerbridge Credit Cayman GP Ltd | 0 | 9,023,187 | 0 | 9,023,187 | 9,023,187 | 12.3% |
| Centerbridge Credit Partners Master | 0 | 5,818,546 | 0 | 5,818,546 | 5,818,546 | 7.9% |
| Centerbridge Credit Partners Offshore General Partner | 0 | 5,818,546 | 0 | 5,818,546 | 5,818,546 | 7.9% |
| Centerbridge Capital Partners II (Cayman) | 0 | 10,520,805 | 0 | 10,520,805 | 10,520,805 | 14.3% |
| Centerbridge Capital Partners SBS II (Cayman) | 0 | 77,008 | 0 | 77,008 | 77,008 | 0.1% |
| Centerbridge Associates II (Cayman) | 0 | 10,520,805 | 0 | 10,520,805 | 10,520,805 | 14.3% |
| CCP II Cayman GP Ltd | 0 | 10,597,813 | 0 | 10,597,813 | 10,597,813 | 14.4% |
| Centerbridge Special Credit Partners II AIV IV (Cayman) | 0 | 2,610,848 | 0 | 2,610,848 | 2,610,848 | 3.6% |
| Centerbridge Special Credit Partners General Partner II (Cayman) | 0 | 2,610,848 | 0 | 2,610,848 | 2,610,848 | 3.6% |
| Centerbridge Special Credit Partners II | 0 | 529,777 | 0 | 529,777 | 529,777 | 0.7% |
| Centerbridge Special Credit Partners General Partner II | 0 | 529,777 | 0 | 529,777 | 529,777 | 0.7% |
| CSCP II Cayman GP Ltd | 0 | 3,140,625 | 0 | 3,140,625 | 3,140,625 | 4.3% |
| Mark T. Gallogly | 0 | 22,761,625 | 0 | 22,761,625 | 22,761,625 | 30.9% |
| Jeffrey H. Aronson | 0 | 22,761,625 | 0 | 22,761,625 | 22,761,625 | 30.9% |
| SECURITIES AND EXCHANGE COMMISSION | |
| Washington, D.C. 20549 | |
| SCHEDULE 13D/A | |
| Under the Securities Exchange Act of 1934 | |
| (Amendment No. 4)* | |
| Genco Shipping & Trading Limited | |
| (Name of Issuer) | |
| Common Stock, $0.01 Par Value | |
| (Title of Class of Securities) | |
| Y2685T115 | |
| (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) | |
| 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 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 22 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).
| 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 3,204,641 | |||||
| 9 | SOLE DISPOSITIVE POWER -0- | |||||
| 10 | SHARED DISPOSITIVE POWER 3,204,641 | |||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,204,641 | |||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ¨ | ||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.4% | |||||
| 14 | TYPE OF REPORTING PERSON PN | |||||
| 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 3,204,641 | |||
| 9 | SOLE DISPOSITIVE POWER -0- | |||
| 10 | SHARED DISPOSITIVE POWER 3,204,641 | |||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,204,641 | |||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ¨ | ||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.4% | |||
| 14 | TYPE OF REPORTING PERSON PN | |||
| 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 9,023,187 | |||||
| 9 | SOLE DISPOSITIVE POWER -0- | |||||
| 10 | SHARED DISPOSITIVE POWER 9,023,187 | |||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,023,187 | |||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ¨ | ||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 12.3% | |||||
| 14 | TYPE OF REPORTING PERSON CO | |||||
| 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 5,818,546 | |||||
| 9 | SOLE DISPOSITIVE POWER -0- | |||||
| 10 | SHARED DISPOSITIVE POWER 5,818,546 | |||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,818,546 | |||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ¨ | ||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.9% | |||||
| 14 | TYPE OF REPORTING PERSON PN | |||||
| 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 5,818,546 | |||||
| 9 | SOLE DISPOSITIVE POWER -0- | |||||
| 10 | SHARED DISPOSITIVE POWER 5,818,546 | |||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,818,546 | |||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ¨ | ||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.9% | |||||
| 14 | TYPE OF REPORTING PERSON PN | |||||
| 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 10,520,805 | |||||
| 9 | SOLE DISPOSITIVE POWER -0- | |||||
| 10 | SHARED DISPOSITIVE POWER 10,520,805 | |||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,520,805 | |||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ¨ | ||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 14.3% | |||||
| 14 | TYPE OF REPORTING PERSON PN | |||||
| 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 77,008 | |||||
| 9 | SOLE DISPOSITIVE POWER -0- | |||||
| 10 | SHARED DISPOSITIVE POWER 77,008 | |||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 77,008 | |||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ¨ | ||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.1% | |||||
| 14 | TYPE OF REPORTING PERSON PN | |||||
| 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 10,520,805 | |||||
| 9 | SOLE DISPOSITIVE POWER -0- | |||||
| 10 | SHARED DISPOSITIVE POWER 10,520,805 | |||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,520,805 | |||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ¨ | ||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 14.3% | |||||
| 14 | TYPE OF REPORTING PERSON PN | |||||
| 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 10,597,813 | |||||
| 9 | SOLE DISPOSITIVE POWER -0- | |||||
| 10 | SHARED DISPOSITIVE POWER 10,597,813 | |||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,597,813 | |||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ¨ | ||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 14.4% | |||||
| 14 | TYPE OF REPORTING PERSON CO | |||||
| 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 2,610,848 | |||||
| 9 | SOLE DISPOSITIVE POWER -0- | |||||
| 10 | SHARED DISPOSITIVE POWER 2,610,848 | |||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,610,848 | |||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ¨ | ||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.6% | |||||
| 14 | TYPE OF REPORTING PERSON PN | |||||
| 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 2,610,848 | |||||
| 9 | SOLE DISPOSITIVE POWER -0- | |||||
| 10 | SHARED DISPOSITIVE POWER 2,610,848 | |||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,610,848 | |||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ¨ | ||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.6% | |||||
| 14 | TYPE OF REPORTING PERSON PN | |||||
| 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 529,777 | |||||
| 9 | SOLE DISPOSITIVE POWER -0- | |||||
| 10 | SHARED DISPOSITIVE POWER 529,777 | |||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 529,777 | |||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ¨ | ||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.7% | |||||
| 14 | TYPE OF REPORTING PERSON PN | |||||
| 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 529,777 | |||||
| 9 | SOLE DISPOSITIVE POWER -0- | |||||
| 10 | SHARED DISPOSITIVE POWER 529,777 | |||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 529,777 | |||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ¨ | ||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.7% | |||||
| 14 | TYPE OF REPORTING PERSON PN | |||||
| 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 3,140,625 | |||||
| 9 | SOLE DISPOSITIVE POWER -0- | |||||
| 10 | SHARED DISPOSITIVE POWER 3,140,625 | |||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,140,625 | |||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ¨ | ||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.3% | |||||
| 14 | TYPE OF REPORTING PERSON CO | |||||
| 1 | NAME OF REPORTING PERSON Mark T. Gallogly | |||||
| 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 22,761,625 | |||||
| 9 | SOLE DISPOSITIVE POWER -0- | |||||
| 10 | SHARED DISPOSITIVE POWER 22,761,625 | |||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 22,761,625 | |||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ¨ | ||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 30.9% | |||||
| 14 | TYPE OF REPORTING PERSON IN | |||||
| 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 22,761,625 | |||||
| 9 | SOLE DISPOSITIVE POWER -0- | |||||
| 10 | SHARED DISPOSITIVE POWER 22,761,625 | |||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 22,761,625 | |||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ¨ | ||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 30.9% | |||||
| 14 | TYPE OF REPORTING PERSON IN | |||||
This Amendment No. 4 ("Amendment No. 4") 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, and Amendment No. 3 ("Amendment No.3," and the Original Schedule 13D as amended by Amendment No. 1, Amendment No. 2, Amendment No. 3, and this Amendment No. 4, the "Schedule 13D") filed with the SEC on May 11, 2016, 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. 4 amends Items 4, 5 and 7 as set forth below.
| Item 4. | PURPOSE OF TRANSACTION |
| Item 4 of the Schedule 13D is hereby amended and supplemented as follows: | |
| As described in the Issuer's Form 8-K filed June 10, 2016 (the "Issuer's 8-K"), on June 8, 2016, the Reporting Persons delivered to the Issuer an equity financing commitment letter (the "Equity Commitment Letter"). Under the terms of the Equity Commitment Letter, and subject to the conditions set forth and referenced therein, the Reporting Persons have agreed to purchase or cause an assignee to purchase, directly or indirectly, $31,172,862.95 of equity securities of the Issuer, at or immediately prior to the closing of a proposed private placement of securities by the Issuer (the "Offering"), with such obligations terminating automatically on June 30, 2016. The foregoing description of the Equity Commitment Letter is qualified in its entirety by reference to the Equity Commitment Letter executed by the Reporting Persons, which is filed herewith as Exhibit 2. | |
| Item 5. | INTEREST IN SECURITIES OF THE ISSUER |
| Item 5 of the Schedule 13D is hereby amended and supplemented as follows: | |
| As described in the Issuer's 8-K, other stakeholders of the Issuer separately have entered into commitment letters with the Issuer in connection with the proposed Offering that in each case are substantially similar to the Equity Commitment Letter (the "Other Commitment Letters"). The Reporting Persons hereby expressly disclaim membership in a "group" (within the meaning of Section 13(d)(3) of the Exchange Act) with any other stakeholders in the Issuer, and the entry into the Equity Commitment Letter and this Schedule 13D shall not be construed as an admission that any Reporting Person, for any purpose, 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 7. | MATERIAL TO BE FILED AS EXHIBITS |
| Item 7 of the Schedule 13D is hereby amended and restated as follows: | |
| Exhibit
| Description |
| 2 | Equity Commitment Letter, dated June 7, 2016. |
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: June 10, 2016
| 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/ Jeffrey H. Aronson Name: Jeffrey H. Aronson Title: Authorized Signatory | ||
| CENTERBRIDGE CREDIT PARTNERS GENERAL PARTNER, L.P. By: Centerbridge Credit Cayman GP Ltd., its general partner /s/ Jeffrey H. Aronson Name: Jeffrey H. Aronson Title: Authorized Signatory | ||
| Centerbridge Credit Cayman GP Ltd. /s/ Jeffrey H. Aronson Name: Jeffrey H. Aronson Title: Authorized Signatory | ||
| 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/ Jeffrey H. Aronson Name: Jeffrey H. Aronson Title: Authorized Signatory | ||
| CENTERBRIDGE CREDIT PARTNERS OFFSHORE GENERAL PARTNER, L.P. By: Centerbridge Credit Cayman GP Ltd., its general partner /s/ Jeffrey H. Aronson Name: Jeffrey H. Aronson 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 By: Centerbridge GP Investors II, LLC, its director
/s/ Jeffrey H. Aronson Name: Jeffrey H. Aronson Title: Authorized Signatory | ||
| CENTERBRIDGE CAPITAL PARTNERS SBS II (CAYMAN), L.P.
By: CCP II Cayman GP Ltd., its general partner By: Centerbridge GP Investors II, LLC, its director /s/ Jeffrey H. Aronson Name: Jeffrey H. Aronson Title: Authorized Signatory | ||
| CENTERBRIDGE ASSOCIATES II (CAYMAN), L.P. By: CCP II Cayman GP Ltd., its general partner By: Centerbridge GP Investors II, LLC, its director
/s/ Jeffrey H. Aronson Name: Jeffrey H. Aronson Title: Authorized Signatory |
| CCP II CAYMAN GP LTD. By: Centerbridge GP Investors II, LLC, its director /s/ Jeffrey H. Aronson Name: Jeffrey H. Aronson 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 By: Centerbridge Special GP Investors II, L.L.C., its director /s/ Jeffrey H. Aronson Name: Jeffrey H. Aronson Title: Authorized Signatory | ||
| CENTERBRIDGE SPECIAL CREDIT PARTNERS GENERAL PARTNER II (CAYMAN), L.P.
By: CSCP II Cayman GP Ltd., its general partner By: Centerbridge Special GP Investors II, L.L.C., its director /s/ Jeffrey H. Aronson Name: Jeffrey H. Aronson Title: Authorized Signatory |
| CSCP II CAYMAN GP LTD. By: Centerbridge Special GP Investors II, L.L.C., its director /s/ Jeffrey H. Aronson Name: Jeffrey H. Aronson 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 By: Centerbridge Special GP Investors II, L.L.C., its director
/s/ Jeffrey H. Aronson Name: Jeffrey H. Aronson Title: Authorized Signatory | ||
| CENTERBRIDGE SPECIAL CREDIT PARTNERS GENERAL PARTNER II, L.P.
By: CSCP II Cayman GP Ltd., its general partner By: Centerbridge Special GP Investors II, L.L.C., its director
/s/ Jeffrey H. Aronson Name: Jeffrey H. Aronson Title: Authorized Signatory
| ||
| MARK T. GALLOGLY /s/ Mark T. Gallogly | ||
| Jeffrey H. Aronson /s/ Jeffrey H. Aronson |