Centerbridge Partners will be the alpha dog in the new structure of bankrupt Genco Shipping & Trading, according to documents disclosed in connection with this week’s pre-packaged Chapter 11 filing.
Centerbridge, the New York-based distressed-asset specialist, is to get two seats on the new seven-member Genco board as long as it maintains a holding of more than 20% of the stock, documents indicate.
Centerbridge
