Genco Shipping & Trading confirmed that it sold a $38.6m chunk of shares in a preferred equity deal.
The New York bulker owner said its three top shareholders and others agreed to pay $4.85 each for 7.96 million convertible preferred shares.
The official report of the investment by Centerbridge Partners, Strategic Value Partners (SVP) and Apollo Global Management comes less than a week after TradeWinds reported reported the deal in an exclusive story.
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