Genco Shipping & Trading received a two-week extension on its time line to drum up equity financing required to finalise a refinancing deal struck in June.
The Peter Georgiopoulos-led bulker owner said in a securities filing that it now has until 14 September.
The extension is tied to an 8 June deal that saw New York-listed Genco receive a commitment from a syndicate of banks that will provide a $400m new loan to refinance Genco’s existing debt.
But
