GENER8 MARITIME,INC. (OTCBB:GMRRQ) Files An 8-K Entry into a Material Definitive Agreement

ME Staff 8-k
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GENER8 MARITIME,INC. (OTCBB:GMRRQ) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01  Entry into a Material Definitive Agreement.

On December 15, 2016, Gener8 Maritime, Inc. (the “Company”) entered into a First Amendment (the “Amendment”) to the term loan facility, dated as of September 3, 2015, by and among Gener8 Maritime Sub II, Gener8 Maritime, Inc., as parent, the lenders party thereto, and Nordea Bank Finland, PLC, New York Branch as Facility Agent and Collateral Agent (the “Refinancing Facility”). The Amendment revised the definition of “Payment Date” contained in the Refinancing Facility to be the 15th day of each April, July, October and January. If such date is not a business day, the Payment Date will be the business day immediately prior to such date. The term “Payment Date” is used in the Refinancing Facility with respect to amortization payments. Prior to entry into the Amendment, the Payment Date was defined as the last business day of each March, June, September and December.


About GENER8 MARITIME, INC. (OTCBB:GMRRQ)

Gener8 Maritime, Inc., formerly General Maritime Corporation, is a provider of international seaborne crude oil transportation services. The Company operates through the segment, which includes the transportation of international seaborne crude oil and petroleum products with its fleet of vessels. The Company owns a fleet of over 45 tankers, including 31 vessels on the water consisting of 14 Very Large Crude Carriers (VLCCs), approximately 11 Suezmax vessels, over four Aframax vessels and approximately two Panamax vessels with an aggregate carrying capacity of approximately 6.6 million deadweight tons. The Company’s vessels are primarily available for charter on a spot voyage or time charter basis and for employment in commercial pools. Its fleet of vessels include Gener8 Zeus, Gener8 Neptune, Gener8 Ares, Gener8 Hera, Gener8 Harriet G, Gener8 Horn, Gener8 Daphne, Gener8 Elektra, Gener8 Companion, Gener8 Compatriot, Gener8 Spyridon, Gener8 Kara G, Gener8 Maniate and others.

GENER8 MARITIME, INC. (OTCBB:GMRRQ) Recent Trading Information

GENER8 MARITIME, INC. (OTCBB:GMRRQ) closed its last trading session at 0.0042 with shares trading hands.