Genco Shipping upsizes revolving credit facility to $680 million

Reuters05:42

Genco Shipping upsizes revolving credit facility to $680 million

Genco Shipping & Trading Limited and certain subsidiaries entered into a Sixth Amendment to its credit agreement with Nordea Bank Abp, New York Branch as administrative and collateral agent, along with participating lenders including Skandinaviska Enskilda Banken AB (PUBL), DNB Capital LLC, ING Capital LLC, and First-Citizens Bank & Trust Company. The amendment upsized the company’s $600 million revolving credit facility by $80 million to $680 million, with Genco planning to use the additional capacity to help finance the acquisition of two Newcastlemax vessels that will serve as additional collateral.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Genco Shipping & Trading Limited published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-26-008085), on March 05, 2026, and is solely responsible for the information contained therein.

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The amendment upsized the company’s $600 million revolving credit facility by $80 million to $680 million, with Genco planning to use the additional capacity to help finance the acquisition of two Newcastlemax vessels that will serve as additional collateral.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Genco Shipping & Trading Limited published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. 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