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Gener8 Maritime Inc (GNRT.N)

GNRT.N on New York Stock Exchange

5.80USD
16 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Marc Lasry Reports 8.7 Percent Stake In Gener8 Maritime Inc
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - Gener8 Maritime Inc ::MARC LASRY REPORTS 8.7 PERCENT STAKE IN GENER8 MARITIME INC AS OF DECEMBER 20 - SEC FILING.MARC LASRY SAYS ACQUIRED GENER8 MARITIME INC SHARES FOR INVESTMENT PURPOSES.  Full Article

Gener8 Maritime To Pay Euronav A Termination Fee Of $39 Mln, If Deal Is Terminated Under Certain Circumstances
Friday, 22 Dec 2017 

Dec 22 (Reuters) - Euronav Nv ::GENER8 MARITIME SAYS CO MAY BE REQUIRED TO PAY EURONAV A TERMINATION FEE OF $39 MILLION, IF DEAL IS TERMINATED UNDER CERTAIN CIRCUMSTANCES- SEC FILING.  Full Article

International Seaways Announces Agreement To Acquire Six VLCCs
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - International Seaways Inc ::INTERNATIONAL SEAWAYS ANNOUNCES AGREEMENT TO ACQUIRE SIX VLCCS.INTERNATIONAL SEAWAYS INC - ‍PURCHASE PRICE FOR SIX-VESSEL ACQUISITION IS $434 MILLION, INCLUSIVE OF ASSUMED DEBT.​.INTERNATIONAL SEAWAYS INC - ‍IN CONNECTION WITH TRANSACTION, CO TO ASSUME DEBT CURRENTLY SECURED BY ACQUIRED VESSELS​.INTERNATIONAL SEAWAYS- TO BUY HOLDING COMPANIES FOR 6 300,000 DWT VLCCS FROM EURONAV NV IN CONNECTION WITH EURONAV'S ACQUISITION OF GENER8 MARITIME.INTERNATIONAL SEAWAYS INC - ‍DEBT CURRENTLY SECURED BY ACQUIRED VESSELS CONSISTS $311 MILLION CREDIT FACILITY​.  Full Article

Euronav And Gener8 Maritime Announce Merger Agreement‍​
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - EURONAV NV ::AND GENER8 MARITIME, INC. ANNOUNCE MERGER AGREEMENT‍​.GENER8 WOULD BECOME A WHOLLY-OWNED SUBSIDIARY OF EURONAV.- 0.7272 EURONAV SHARES ISSUED FOR EACH SHARE OF GENER8.- ISSUANCE OF APPROXIMATELY 60.9 MILLION NEW EURONAV SHARES TO GENER8 SHAREHOLDERS..EXCHANGE RATIO IMPLIES A PREMIUM OF 35% PAID ON GENER8 SHARES BASED ON THE CLOSING SHARE PRICES ON 20 DECEMBER 2017.- EXCHANGE RATIO IMPLIES A PREMIUM OF 35% PAID ON GENER8 SHARES.- MERGER WILL RESULT IN EURONAV SHAREHOLDERS OWNING ABOUT 72% OF THE ISSUED SHARE CAPITAL OF THE COMBINED ENTITY.EURONAV AS THE COMBINED ENTITY WILL REMAIN LISTED ON NYSE AND EURONEXT.EXPECT MERGER TO ALLOW EURONAV TO RETAIN THE SAME DISCIPLINED DIVIDEND POLICY FOR THE COMBINED ENTITY.CARL STEEN, PADDY RODGERS AND HUGO DE STOOP WILL REMAIN RESPECTIVELY CHAIRMAN OF THE BOARD, CEO AND CFO OF THE COMBINED ENTITY.EURONAV NV BOARD HAS UNANIMOUSLY APPROVED TRANSACTION AND MERGER DOES NOT REQUIRE APPROVAL OF EURONAV'S SHAREHOLDERS.  Full Article

Tanker Owner Euronav Nears Deal To Merge With Gener8 Maritime- WSJ
Thursday, 21 Dec 2017 

Dec 20 (Reuters) - :TANKER OWNER EURONAV NEARS DEAL TO MERGE WITH RIVAL GENER8 MARITIME - WSJ, CITING A SOURCE‍​.  Full Article

Gener8 Maritime posts Q3 loss per share $0.81
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Gener8 Maritime Inc :Gener8 Maritime, Inc. announces third quarter 2017 financial results.Q3 adjusted loss per share $0.39.Q3 loss per share $0.81.Q3 earnings per share view $-0.39 -- Thomson Reuters I/B/E/S.Gener8 Maritime - ‍Increased full fleet "eco" operating days to 57.4% in 3 months ended sept 30, 2017, compared to 35.6% in same period in prior year.Gener8 Maritime Inc - ‍On November 8, 2017 company entered into an amendment to a term loan facility entered into on December 1, 2015​.Gener8 Maritime - ‍Amendment revised consolidated leverage ratio under sinosure credit facility from 0.65 to 0.60 to conform to other 2 credit facilities​.  Full Article

Gener8 Maritime announces Q2 2016 financial results
Thursday, 28 Jul 2016 

Gener8 Maritime Inc : Qtrly net voyage revenue $101.8 million versus $79.7 million . Q2 revenue view $109.9 million -- Thomson Reuters I/B/E/S . Gener8 maritime, inc. Announces second quarter 2016 financial results . Q2 adjusted earnings per share $0.51 . Q2 earnings per share $0.46 .Q2 earnings per share view $0.52 -- Thomson Reuters I/B/E/S.  Full Article

Gener8 enters to amend Sinosure credit facility - SEC filing
Thursday, 30 Jun 2016 

Gener8 Maritime Inc : On June 29, 2016, company entered into an amending and restating deed to amend Sinosure credit facility - SEC filing . Sinosure credit facility, as amended by amending deed, provides for term loans up to aggregate amount of about $385.2 million Source: (http://1.usa.gov/296OkHy ) Further company coverage: [GNRT.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

Gener8 Maritime Inc announces delivery of Gener8 Constantine
Thursday, 30 Jun 2016 

Gener8 Maritime Inc : Gener8 Maritime Inc announces delivery of Gener8 Constantine .Says it took delivery of "ECO" VLCC GENER8 CONSTANTINE on June 27, 2016 from Hyundai Samho Heavy Industries Co. Ltd.  Full Article

Gener8 Maritime Inc Q1 adjusted EPS $0.78
Thursday, 12 May 2016 

Gener8 Maritime Inc : Qtrly total voyage revenues $124.0 million versus $121.4 million . Qtrly net voyage revenue $121.7 million versus $75.5 million . Gener8 maritime, inc. Announces first quarter 2016 financial results . Q1 adjusted earnings per share $0.78 . Q1 earnings per share $0.74 .Q1 earnings per share view $0.68 -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-Marc Lasry Reports 8.7 Percent Stake In Gener8 Maritime Inc

* MARC LASRY REPORTS 8.7 PERCENT STAKE IN GENER8 MARITIME INC AS OF DECEMBER 20 - SEC FILING