GENER8 MARITIME,INC. (OTCBB:GMRRQ) Files An 8-K Entry into a Material Definitive Agreement
By ME Staff 8-k - December 21, 201619
Share on Facebook Tweet on Twitter
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.