SEC Contract Filing

Filing Date: 2024-02-27

Document Content:
<DOCUMENT>
<TYPE>EX-10.62
<SEQUENCE>6
<FILENAME>gnk-20231231xex10d62.htm
<DESCRIPTION>EX-10.62
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge 10.5.122.0--><!--Created on: 2/27/2024 09:39:16 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;">Exhibit 10.62</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><font style="font-style:italic;font-weight:bold;">Execution Version</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 24pt 0pt;"><u style="font-size:12pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">FOURTH AMENDMENT TO CREDIT AGREEMENT</u></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;"><font style="font-size:12pt;">FOURTH AMENDMENT TO CREDIT AGREEMENT (this &#8220;</font><u style="font-size:12pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Fourth Amendment</u><font style="font-size:12pt;">&#8221;), dated as of November 29, 2023, by and among Genco Shipping &amp; Trading Limited, a company incorporated under the laws of the Republic of the Marshall Islands (the &#8220;</font><u style="font-size:12pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Borrower</u><font style="font-size:12pt;">&#8221;), the Subsidiary Guarantors party hereto, the Lenders party hereto and Nordea Bank Abp, New York Branch (&#8220;</font><u style="font-size:12pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Nordea</u><font style="font-size:12pt;">&#8221;), as Administrative Agent (in such capacity, the &#8220;</font><u style="font-size:12pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Administrative Agent</u><font style="font-size:12pt;">&#8221;), Collateral Agent and Security Trustee (in such capacities, the &#8220;</font><u style="font-size:12pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Collateral Agent</u><font style="font-size:12pt;">&#8221;), each of the Persons party hereto as a 2023 Converting &#160;Lender (as defined below), each of the Persons party hereto as a 2023 Extending Revolving Lender (as defined below), and each 2023 New Revolving Lender. Unless otherwise indicated, all capitalized terms used herein and not otherwise defined shall have the respective meanings provided such terms in the Amended Credit Agreement referred to below.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 18pt 0pt;"><u style="font-size:12pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">W I T N E S S E T H</u><font style="font-size:12pt;">:</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;"><font style="font-size:12pt;">WHEREAS, the Borrower, the Guarantors, the Administrative Agent, the Collateral Agent and the Lenders party thereto are party to that certain Credit Agreement, dated as of August 3, 2021 (as amended by that certain First Amendment to Credit Agreement dated as of November 8, 2022, that certain Second Amendment to Credit Agreement, dated May 30, 2023, that certain Third Amendment to Credit Agreement, dated October 16, 2023 and as further amended, restated, amended and restated, supplemented and/or otherwise modified from time to time and in effect prior to the Fourth Amendment Effective Date, the &#8220;</font><u style="font-size:12pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Existing Credit Agreement</u><font style="font-size:12pt;">&#8221;).</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;"><font style="font-size:12pt;">WHEREAS, in accordance with the provisions of </font><u style="font-size:12pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Section 11.02</u><font style="font-size:12pt;"> of the Existing Credit Agreement, the Borrower wishes to amend the Existing Credit Agreement to (i) extend the scheduled maturity date of the Revolving Commitments (as defined in the Existing Credit Agreement) and the related Revolving Credit Exposure under the Revolving Facility (in each case as defined in the Existing Credit Agreement), (ii) convert all outstanding Initial Term Loans (as defined in the Existing Credit Agreement) under the Existing Credit Agreement to new Revolving Loans and increase the Revolving Commitments under the Amended Credit Agreement in the amount of such Term Loans, (iii) incur additional Revolving Commitments in an aggregate principal amount of $</font><font style="font-size:12pt;">156,480,000.00</font><font style="font-size:12pt;"> and (iv) make certain other amendments to the Existing Credit Agreement, in each case, as more fully provided herein and in the Amended Credit Agreement;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;"><font style="font-size:12pt;">WHEREAS, each 2023 Extending Revolving Lender wishes to amend the Existing Credit