Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
- Peter Lynch
What is insider trading>>
SECURITIES AND EXCHANGE COMMISSION | |
Washington, D.C. 20549 | |
SCHEDULE 13D/A | |
Under the Securities Exchange Act of 1934 | |
(Amendment No. 13)* | |
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) | |
January 7, 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 19 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. Y2685T115 | SCHEDULE 13D/A | Page 2 of 19 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 1,342,952 | ||||
9 |
SOLE DISPOSITIVE POWER -0- | ||||
10 |
SHARED DISPOSITIVE POWER 1,342,952 | ||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,342,952 | ||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ¨ | |||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.21% | ||||
14 |
TYPE OF REPORTING PERSON PN | ||||
CUSIP No. Y2685T115 | SCHEDULE 13D/A | Page 3 of 19 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 1,342,952 | ||||
9 |
SOLE DISPOSITIVE POWER -0- | ||||
10 |
SHARED DISPOSITIVE POWER 1,342,952 | ||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,342,952 | ||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ¨ | |||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.21% | ||||
14 |
TYPE OF REPORTING PERSON PN | ||||
CUSIP No. Y2685T115 | SCHEDULE 13D/A | Page 4 of 19 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 3,655,737 | ||||
9 |
SOLE DISPOSITIVE POWER -0- | ||||
10 |
SHARED DISPOSITIVE POWER 3,655,737 | ||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,655,737 | ||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ¨ | |||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.75% | ||||
14 |
TYPE OF REPORTING PERSON CO | ||||
CUSIP No. Y2685T115 | SCHEDULE 13D/A | Page 5 of 19 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 2,312,785 | ||||
9 |
SOLE DISPOSITIVE POWER -0- | ||||
10 |
SHARED DISPOSITIVE POWER 2,312,785 | ||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,312,785 | ||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ¨ | |||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.53% | ||||
14 |
TYPE OF REPORTING PERSON PN | ||||
CUSIP No. Y2685T115 | SCHEDULE 13D/A | Page 6 of 19 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 2,312,785 | ||||
9 |
SOLE DISPOSITIVE POWER -0- | ||||
10 |
SHARED DISPOSITIVE POWER 2,312,785 | ||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,312,785 | ||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ¨ | |||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.53% | ||||
14 |
TYPE OF REPORTING PERSON PN | ||||
CUSIP No. Y2685T115 | SCHEDULE 13D/A | Page 7 of 19 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) 11.51% | ||||
14 |
TYPE OF REPORTING PERSON PN | ||||
CUSIP No. Y2685T115 | SCHEDULE 13D/A | Page 8 of 19 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. Y2685T115 | SCHEDULE 13D/A | Page 9 of 19 Pages |
1 |
NA ME 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) 11.51% | ||||
14 |
TYPE OF REPORTING PERSON PN | ||||
CUSIP No. Y2685T115 | SCHEDULE 13D/A | Page 10 of 19 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) 11.59% | ||||
14 |
TYPE OF REPORTING PERSON CO | ||||
CUSIP No. Y2685T115 | SCHEDULE 13D/A | Page 11 of 19 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 1,059,105 | ||||
9 |
SOLE DISPOSITIVE POWER -0- | ||||
10 |
SHARED DISPOSITIVE POWER 1,059,105 | ||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,059,105 | ||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ¨ | |||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.53% | ||||
14 |
TYPE OF REPORTING PERSON PN | ||||
CUSIP No. Y2685T115 | SCHEDULE 13D/A | Page 12 of 19 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 1,059,105 | ||||
9 |
SOLE DISPOSITIVE POWER -0- | ||||
10 |
SHARED DISPOSITIVE POWER 1,059,105 | ||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,059,105 | ||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ¨ | |||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.53% | ||||
14 |
TYPE OF REPORTING PERSON PN | ||||
CUSIP No. Y2685T115 | SCHEDULE 13D/A | Page 13 of 19 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. Y2685T115 | SCHEDULE 13D/A | Page 14 of 19 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. Y2685T115 | SCHEDULE 13D/A | Page 15 of 19 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 1,248,363 | ||||
9 |
SOLE DISPOSITIVE POWER -0- | ||||
10 |
SHARED DISPOSITIVE POWER 1,248,363 | ||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,248,363 | ||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ¨ | |||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.99% | ||||
14 |
TYPE OF REPORTING PERSON CO | ||||
CUSIP No. Y2685T115 | SCHEDULE 13D/A | Page 16 of 19 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 9,749,642 | ||||
9 |
SOLE DISPOSITIVE POWER -0- | ||||
10 |
SHARED DISPOSITIVE POWER 9,749,642 | ||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,749,642 | ||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ¨ | |||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 23.32% | ||||
14 |
TYPE OF REPORTING PERSON IN | ||||
CUSIP No. Y2685T115 | SCHEDULE 13D/A | Page 17 of 19 Pages |
This Amendment No. 13 (“Amendment No. 13”) 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 and Amendment No. 12 (“Amendment No. 12”) filed with the SEC on December 28, 2020 (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 and this Amendment No. 13, 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. 12 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 41,801,753 shares of Common Stock outstanding as of November 4, 2020, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2020 filed with the Securities and Exchange Commission on November 4, 2020. | |
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. 12 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. Y2685T115 | SCHEDULE 13D/A | Page 18 of 19 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: January 11, 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 | |
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: 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 | |
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 | |
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. Y2685T115 | SCHEDULE 13D/A | Page 19 of 19 Pages |
SCHEDULE A
Transactions
in the SHARES OF COMMON STOCK of the Issuer
SINCE the FILING OF AMENDMENT NO. 12
The following tables set forth all transactions in the shares of Common Stock effected since the filing of Amendment No. 12 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 ($)* |
12/28/2020 | (2,086)**, # | 7.1682 |
12/30/2020 | (33,119)** | 7.1524 |
12/31/2020 | (28,222)** | 7.3803 |
01/04/2021 | (18,864)** | 7.5895 |
01/05/2021 | (47,160)** | 7.762 |
01/06/2021 | (47,160)** | 7.979 |
01/07/2021 | (58,951)** | 8.3127 |
01/08/2021 | (47,160)** | 8.6192 |
CENTERBRIDGE SPECIAL CREDIT PARTNERS II, L.P.:
Trade Date | Shares Purchased (Sold) | Price Per Share ($)* |
12/29/2020 | (7,637)** | 7.1348 |
12/30/2020 | (15,562)** | 7.1524 |
CENTERBRIDGE CREDIT PARTNERS, L.P.:
Trade Date | Shares Purchased (Sold) | Price Per Share ($)* |
12/28/2020 | (20,277)**, # | 7.1682 |
12/29/2020 | (22,363)** | 7.1348 |
12/30/2020 | (15,452)** | 7.1524 |
12/31/2020 | (16,388)** | 7.3803 |
01/04/2021 | (10,954)** | 7.5895 |
01/05/2021 | (27,384)** | 7.762 |
01/06/2021 | (27,384)** | 7.979 |
01/07/2021 | (34,230)** | 8.3127 |
01/08/2021 | (27,384)** | 8.6192 |
CENTERBRIDGE SPECIAL CREDIT PARTNERS II AIV IV (CAYMAN), L.P.:
Trade Date | Shares Purchased (Sold) | Price Per Share ($)* |
12/30/2020 | (1,024)** | 7.1524 |
12/31/2020 | (15,233)** | 7.3803 |
01/04/2021 | (10,182)** | 7.5895 |
01/05/2020 | (25,456)** | 7.762 |
01/06/2021 | (25,456)** | 7.979 |
01/07/2021 | (31,819)** | 8.3127 |
01/08/2021 | (25,456)** | 8.6192 |
* Excluding commissions, SEC fees, etc. (rounded to nearest cent).
** Sale effected pursuant to a Rule 10b5-1 trading plan.
# Amends and restates the 12/28/2020 trade reported in Amendment No. 12.