Genco Shipping (GNKOQ) 0.7850 $GNKOQ
Genco exits Chapter 11 bankruptcy protection
AP - Wed Jul 09, 5:12PM CDT
NEW YORK (AP) — Drybulk shipper Genco Shipping emerged from Chapter 11 bankruptcy reorganization.
Genco Successfully Completes Financial Restructuring
PR Newswire - Wed Jul 09, 4:12PM CDT
Genco Shipping & Trading Limited ("Genco" or the "Company"

today announced that it has successfully completed its financial restructuring and has emerged from Chapter 11 of the U.S. Bankruptcy Code.
Genco Plan Of Reorganization Confirmed By Court
PR Newswire - Thu Jul 03, 7:41AM CDT
Genco Shipping & Trading Limited (NYSE: GNK) ("Genco" or the "Company"

today announced that the U.S. Bankruptcy Court for the Southern District of New York (the "Court"

confirmed its Prepackaged Plan of Reorganization (the "Plan"

. Upon completion of the restructuring process, the Plan will reduce the Company's total debt by approximately $1.2 billion and enhance its financial flexibility. The Company agreed with the Equity Committee on a consensual form of confirmation order, which has been entered by the Court. The Equity Committee is being disbanded and no appeals of the confirmation order will be pursued. The company expects to emerge from Chapter 11 in the week of July 7, 2014.
GNK: 1.70 (unch)