17.03 -0.16 (-0.93%)
After hours: 4:11PM EDT
|Bid||16.30 x 800|
|Ask||17.52 x 3200|
|Day's Range||16.64 - 17.27|
|52 Week Range||8.47 - 20.07|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Genco Shipping & Trading Limited (GNK) (“Genco”) today announced that the underwriters for its recently priced public offering for its common stock have exercised their purchase option in full. The underwriters will purchase an additional 915,000 shares of common stock from Genco. As a result, Genco will sell a total of 7,015,000 shares of common stock in the offering. The full exercise of the purchase option will bring total gross proceeds from the offering to approximately $115.7 million. The offering is expected to close on June 19, 2018, subject to the satisfaction of customary closing conditions. Genco intends to use the net proceeds from the offering for future vessel acquisitions.
Genco Shipping & Trading Limited (GNK) (“Genco”) today announced the pricing of its public offering of common stock. The offering was made pursuant to Genco’s registration statement (including a prospectus and related prospectus supplement for the offering). Genco agreed to sell 6,100,000 shares of common stock at a public offering price of $16.50 per share. Total gross proceeds from the offering will be approximately $100.7 million.
Jefferies LLC, Fearnley Securities AS and Fearnley Securities, Inc. are acting as joint book-running managers for the offering. Genco has filed a registration statement (including a prospectus and related preliminary prospectus supplement for the common stock offering) with the U.S. Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates.
Genco Shipping & Trading Limited (GNK) announced today that it has closed on a previously announced five-year senior secured credit facility in an aggregate principal amount of up to $460 million. Proceeds from the new credit facility were used, together with cash on hand, to refinance all of the Company’s existing credit facilities into one facility and pay down the debt on the oldest seven vessels in Genco’s fleet. Apostolos Zafolias, Chief Financial Officer, commented, “We are pleased to have closed on this attractive $460 million facility, which was oversubscribed by approximately 40%.
NEW YORK, NY / ACCESSWIRE / May 9, 2018 / U.S. markets posted minor changes Tuesday after President Trump announced the U.S. withdrawal from the Iran nuclear deal. The Dow Jones Industrial Average gained ...
Continued Strong Commercial Performance During Q1 2018 New Credit Facility is Expected to Provide Lower Interest Costs and Enhanced Financial Flexibility. NEW YORK, May 08, 2018-- Genco Shipping & Trading ...
NEW YORK, May 01, 2018-- Genco Shipping & Trading Limited announced today that it will hold a conference call to discuss the Company’ s results for the first quarter of 2018 on Wednesday, May 9, 2018 at ...
NEW YORK, April 02, 2018-- Genco Shipping & Trading Limited announced today the establishment of a European subsidiary in Copenhagen, Denmark and the appointment of Sune Linné Fladberg as Commercial Director, ...
NEW YORK, NY / ACCESSWIRE / February 28, 2018 / Genco Shipping & Trading Ltd (NYSE: GNK ) will be discussing their earnings results in their Q4 Earnings Call to be held on February 28, 2018 at 8:30 AM ...
Senior executives from leading publicly listed and private dry bulk and container shipping companies will discuss the trends, developments and outlook of the global commodities and shipping markets. This ...
NEW YORK, NY / ACCESSWIRE / August 8, 2017 / Genco Shipping & Trading Ltd (NYSE: GNK ) will be discussing their earnings results in their Q2 Earnings Call to be held on Tuesday, August 8, 2017 at 10:00 ...