Genco Shipping andTrading Limited (fka GNKOQ)

[iambadbert]

8K is out with alot of AH action

On March 20, 2014, Genco Shipping & Trading Limited (the “Company”) made the scheduled semi-annual interest payment of approximately $3.1 million originally due on February 18, 2014 under its 5.00% Convertible Senior Notes due August 15, 2015 (the “Notes”). Such payment was made within the applicable 30-day grace period under the Indenture dated July 27, 2010 (as supplemented) between the Company and The Bank of New York Mellon, as trustee under which the Notes were issued and within the waiver period under the Limited Waiver of Default, by and among the Company, the various lenders and other parties named therein, and Crédit Agricole Corporate and Investment Bank, as Agent and Security Trustee, dated as of February 18, 2014. For further details of the foregoing, please refer to the Company’s Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on February 18, 2014 (the “February 8-K”).