Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
June 15 2018 - 9:37AM
Edgar (US Regulatory)
Filed Pursuant to Rule 433
Registration Statement No. 333-204580
ISSUER FREE WRITING PROSPECTUS
Genco Shipping & Trading Limited
6,100,000 Shares of Common Stock
Pricing Term Sheet June 15, 2018
Issuer:
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Genco Shipping & Trading Limited
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Symbol:
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NYSE: GNK
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Shares of the Issuers common stock (Shares) offered:
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6,100,000 shares
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Underwriters Purchase Option:
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915,000 shares
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Price to public:
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$16.50 per share
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Gross proceeds:
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Approximately $100.7 million to the Issuer, if underwriters purchase option is not exercised, or approximately $115.7 million if the underwriters purchase option is exercised in full
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Proceeds, net of underwriting discounts and commissions
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Approximately $95.9 million to the Issuer, if underwriters purchase option is not exercised, or approximately $110.2 million, if underwriters purchase option is exercised in full
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Trade date:
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June 15, 2018
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Closing date:
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June 19, 2018
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CUSIP:
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Y2685T 131
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Underwriting:
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Joint Book-Running Managers
Jefferies LLC
Fearnley Securities AS
Fearnley Securities, Inc.
Co-managers
ABN AMRO Securities (USA) LLC
Skandinaviska Enskilda Banken AB (publ)
Credit Agricole Securities (USA) Inc.
Seaport Global Securities LLC
Noble Capital Markets Inc.
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The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus and all supplements thereto in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, copies may be obtained from Jefferies LLC, Attention: Prospectus Department, 520 Madison Avenue, 2
nd
Floor, New York, NY 10022 (or by email to Prospectus_Department@Jefferies.com) or Fearnley Securities, Inc., 880 3
rd
Ave, 16
th
Floor, New York, NY 10022, Attn: Prospectus Department (or by email to prospectus@fearnleys.com).
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