Back to the Future – Genco’s New Credit Facility

On Monday, Genco Shipping & Trading announced it had received a bank commitment for a new $320 million senior secured amortizing term loan facility. Underwritten by Nordea Bank Finland Plc, Bayerische Hypo- und Vereinsbank AG, Sumitomo Mitsui Banking Corporation and DnB NOR Bank ASA, the five year facility is subject to definitive documentation.

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