SECURITIES AND EXCHANGE COMMISSION | |
Washington, D.C. 20549 | |
SCHEDULE 13D/A | |
Under the Securities Exchange Act of 1934 | |
(Amendment No. 11)* | |
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) | |
February 2, 2018 | |
(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 1,544,768 | |||||
9 |
SOLE DISPOSITIVE POWER -0- | |||||
10 |
SHARED DISPOSITIVE POWER 1,544,768 | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,544,768 | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ¨ | ||||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.50% | |||||
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 1,544,768 | |||||
9 |
SOLE DISPOSITIVE POWER -0- | |||||
10 |
SHARED DISPOSITIVE POWER 1,544,768 | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,544,768 | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ¨ | ||||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.50% | |||||
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 4,205,114 | |||||
9 |
SOLE DISPOSITIVE POWER -0- | |||||
10 |
SHARED DISPOSITIVE POWER 4,205,114 | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,205,114 | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ¨ | ||||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 12.24% | |||||
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 2,660,346 | |||||
9 |
SOLE DISPOSITIVE POWER -0- | |||||
10 |
SHARED DISPOSITIVE POWER 2,660,346 | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,660,346 | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ¨ | ||||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.70% | |||||
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 2,660,346 | |||||
9 |
SOLE DISPOSITIVE POWER -0- | |||||
10 |
SHARED DISPOSITIVE POWER 2,660,346 | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,660,346 | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ¨ | ||||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.70% | |||||
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) 13.93% | |||||
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) 0.10% | |||||
14 |
TYPE OF REPORTING PERSON PN | |||||
CUSIP No. Y2685T115 | SCHEDULE 13D/A | Page 9 of 19 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) 13.93% | |||||
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) 14.03% | |||||
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 1,193,731 | |||||
9 |
SOLE DISPOSITIVE POWER -0- | |||||
10 |
SHARED DISPOSITIVE POWER 1,193,731 | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,193,731 | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ¨ | ||||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.46% | |||||
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 1,193,731 | |||||
9 |
SOLE DISPOSITIVE POWER -0- | |||||
10 |
SHARED DISPOSITIVE POWER 1,193,731 | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,193,731 | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ¨ | ||||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.46% | |||||
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 242,235 | |||||
9 |
SOLE DISPOSITIVE POWER -0- | |||||
10 |
SHARED DISPOSITIVE POWER 242,235 | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 242,235 | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ¨ | ||||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.70% | |||||
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 242,235 | |||||
9 |
SOLE DISPOSITIVE POWER -0- | |||||
10 |
SHARED DISPOSITIVE POWER 242,235 | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 242,235 | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ¨ | ||||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.70% | |||||
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 PROEEDING 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 1,435,966 | |||||
9 |
SOLE DISPOSITIVE POWER -0- | |||||
10 |
SHARED DISPOSITIVE POWER 1,435,966 | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,435,966 | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ¨ | ||||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.16% | |||||
14 |
TYPE OF REPORTING PERSON CO | |||||
CUSIP No. Y2685T115 | SCHEDULE 13D/A | Page 16 of 19 Pages |
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 10,486,622 | |||||
9 |
SOLE DISPOSITIVE POWER -0- | |||||
10 |
SHARED DISPOSITIVE POWER 10,486,622 | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,486,622 | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ¨ | ||||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 30.53% | |||||
14 |
TYPE OF REPORTING PERSON IN | |||||
CUSIP No. Y2685T115 | SCHEDULE 13D/A | Page 17 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 10,486,622 | |||||
9 |
SOLE DISPOSITIVE POWER -0- | |||||
10 |
SHARED DISPOSITIVE POWER 10,486,622 | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,486,622 | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ¨ | ||||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 30.53% | |||||
14 |
TYPE OF REPORTING PERSON IN | |||||
CUSIP No. Y2685T115 | SCHEDULE 13D/A | Page 18 of 19 Pages |
This Amendment No. 11 ("Amendment No. 11") 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 and Amendment No. 10 ("Amendment No. 10") filed with the SEC on December 13, 2017 (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 and this Amendment No. 11, 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. 11 amends Item 3 and 5 as set forth below.
Item 3. | SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION |
Item 3 of the Schedule 13D is hereby supplemented by the addition of the following: | |
The Reporting Persons acquired (i) an additional 200,000 shares of Common Stock as a result of the exercise of put options with an exercise price of $15.50 (as described in Item 6 of the Schedule 13D) for an aggregate of $3,100,000 derived from CCP's working capital and (ii) an additional 200,000 shares of Common Stock as a result of the exercise of put options with an exercise price of $16.06 (as described in Item 6 of the Schedule 13D) for an aggregate of $3,212,000 derived from CCP's working capital. |
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 34,532,004 shares of Common Stock outstanding as of November 7, 2017, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended December 30, 2017 filed with the Securities and Exchange Commission on November 7, 2017. | |
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) On January 25, 2018, certain put options previously reported in Item 6 were exercised resulting in the Reporting Persons' acquisition of 200,000 shares of Common Stock at $15.50 per share. On February 2, 2018, certain put options previously reported in Item 6 were exercised resulting in the Reporting Persons' acquisition of 200,000 shares of Common Stock at $16.06 per share. |
CUSIP No. Y2685T115 | SCHEDULE 13D/A | Page 19 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: February 6, 2018
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 | |