General Maritime Corp (fka GMRRQ)

[johnnyk2394]

Oaktree is in the house for all of it...

In consideration for its equity investment and, pursuant to the Plan, the contribution of the outstanding obligations under the prepetition Amended and Restated Credit Agreement, dated as of May 6, 2011, as amended, by and among the Company, certain of its affiliates, and certain affiliates of Oaktree, including OCM Marine Investments CTB, Ltd., as the initial lender (the "Supporting Oaktree Lender"), Oaktree and/or the Supporting Oaktree Lender will receive 100% of the shares of equity in the reorganized Company (the "Reorganized Equity") which are outstanding immediately after the effective date of the Plan...

http://biz.yahoo.com/e/111221/gmrrq.ob8-k.html