Debt in New York-listed bulker owner Genco Shipping & Trading has already changed hands from original lenders to hedge-fund-style investors, raising questions about the ultimate impact, sources say.
As TradeWinds reported on 8 March, talk was heating up among prospective buyers that a significant amount of Genco’s bank loans would soon be available on the secondary market.
Sources familiar with the situation now indicate that some Genco debt traded even earlier.
