Centerbridge Credit Partners, L.P.'s Form 4/A amendment
AmendedGenco Shipping & Trading Ltd (GNK) · filed Aug 19, 2021
- Accession no.
- 0000902664-21-003955
- Filed
- Aug 19, 2021, 4:10 PM ET
- Trade date
- Aug 17, 2021
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
- Original filed
- Aug 18, 2021
This filing lists 1 non-derivative transaction. It carries over 8 transactions from the original filing that it did not restate. Open-market purchases total $1.73M. Open-market sales total $8.00M. It was filed 2 days after the trade.
This amendment restates part of 0000902664-21-003943 (filed Aug 18, 2021). The transactions it did not restate still count and are listed below.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Centerbridge Credit Partners, L.P.CIK 0001422713 | 10% Owner |
| Aronson JeffreyCIK 0001425800 | 10% Owner |
| Centerbridge Credit Partners General Partner, L.P.CIK 0001484833 | 10% Owner |
| Centerbridge Credit Partners Offshore General Partner, L.P.CIK 0001484834 | 10% Owner |
| Centerbridge Credit Partners Master, L.P.CIK 0001584544 | 10% Owner |
| Centerbridge Capital Partners II (Cayman), L.P.CIK 0001614619 | 10% Owner |
| Centerbridge Associates II (Cayman), L.P.CIK 0001614622 | 10% Owner |
| Centerbridge Capital Partners SBS II (Cayman), L.P.CIK 0001614624 | 10% Owner |
| Centerbridge Credit Cayman GP, Ltd.CIK 0001667800 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Aug 17, 2021 | Common Stock, par value $0.01 per share ("Common Stock") | SSaleDisposed | −97,843 | $17.71 | −$1,733,102.84 | 37,165 | Indirect |
Carried over from the original filing
This amendment restates only part of the original filing. The original's other transactions still stand, and the trade tables on Livermore count them under this amendment.
From 0000902664-21-003943 (filed Aug 18, 2021).
Non-derivative securities (Table I)
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Aug 16, 2021 | Common Stock, par value $0.01 per share ("Common Stock") | SSaleDisposed | −47,160 | $17.75 | −$837,160.74 | 250,125 | Indirect | |
| Aug 18, 2021 | Common Stock | SSaleDisposed | −68,854 | $17.97 | −$1,237,561.14 | 0 | Indirect | |
| Aug 16, 2021 | Common Stock | SSaleDisposed | −27,385 | $17.75 | −$486,124.83 | 145,238 | Indirect | |
| Aug 17, 2021 | Common Stock | SSaleDisposed | −105,257 | $17.71 | −$1,864,427.77 | 39,981 | Indirect | |
| Aug 18, 2021 | Common Stock | SSaleDisposed | −39,981 | $17.97 | −$718,606.5 | 0 | Indirect | |
| Aug 16, 2021 | Common Stock | SSaleDisposed | −25,455 | $17.75 | −$451,864.43 | 135,008 | Indirect | |
| Aug 17, 2021 | Common Stock | PPurchaseDisposed | −97,843 | $17.71 | −$1,733,102.84 | 37,165 | Indirect | |
| Aug 18, 2021 | Common Stock | SSaleDisposed | −37,165 | $17.97 | −$667,992.56 | 0 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
The Reporting Persons filed a statement of change in beneficial ownership on Form 4 on August 18, 2021 (the "Original Form 4") which reported a purchase of shares of Common Stock by Special Credit Partners II AIV (as defined in footnote 2 below) when Special Credit Partners II AIV in fact sold shares of Common Stock. This amendment to the Original Form 4 is filed to correct the transaction code of such transaction from "P" to "S".
- F2
These securities are held by Centerbridge Special Credit Partners II AIV IV (Cayman), L.P. ("Special Credit Partners II AIV").
- F3
Centerbridge Credit Partners General Partner, L.P. ("Onshore GP") is the general partner of Credit Partners, and, as such, it may be deemed to beneficially own the securities held by Credit Partners. Centerbridge Credit Partners Offshore General Partner, L.P. ("Offshore GP") is the general partner of Credit Partners Master, and, as such, it may be deemed to beneficially own the securities held by Credit Partners Master. Centerbridge Credit Cayman GP Ltd. ("Credit GP") is the general partner of each of Onshore GP and Offshore GP, and, as such, it may be deemed to beneficially own the securities held by Credit Partners and Credit Partners Master. As of August 18, 2021, Credit Partners Master, Credit Partners, Onshore GP, Offshore GP and Credit GP ceased to beneficially own any shares of Common Stock and, as such, this constitutes an "exit filing" for Credit Partners Master, Credit Partners, Onshore GP, Offshore GP and Credit GP.
- F4
Centerbridge Special Credit Partners General Partner II (Cayman), L.P. ("CSCPGP II Cayman") is the general partner of Special Credit Partners II AIV, and, as such, it may be deemed to beneficially own the securities held by Special Credit Partners II AIV. CSCP II Cayman GP Ltd. ("CSCP II Cayman Ltd.") is the general partner of CSCPGP II Cayman, and, as such, it may be deemed to beneficially own the securities held by Special Credit Partners II AIV. As of August 18, 2021, Special Credit Partners II AIV, CSCPGP II Cayman and CSCP II Cayman Ltd. ceased to beneficially own any shares of Common Stock and, as such, this constitutes an "exit filing" for Credit Partners II AIV, CSCPGP II Cayman and CSCP II Cayman Ltd.
- F5
Centerbridge Associates II (Cayman), L.P. ("CA II Cayman") is the general partner of Capital Partners II, and as such, it may be deemed to beneficially own the securities held by Capital Partners II. CCP II Cayman GP Ltd. ("CCP II Cayman Ltd.") is the general partner of each of CA II Cayman and Capital Partners SBS II, and as such, it may be deemed to beneficially own the securities held by Capital Partners II and Capital Partners SBS II. Jeffrey H. Aronson ("Mr. Aronson"), indirectly, through various intermediate entities controls each of the Centerbridge Funds, and, as such, Mr. Aronson may be deemed to beneficially own the securities held by the Centerbridge Funds.
- F6
For purposes of this filing, "Reporting Persons" means, as applicable, Special Credit Partners II AIV, Credit Partners Master, Credit Partners, Capital Partners II, Capital Partners SBS II, Onshore GP, Offshore GP, Credit GP, CSCPGP II Cayman, CSCP II Cayman Ltd., CA II Cayman, CCP II Cayman Ltd. and Mr. Aronson.
- F7
The filing of this statement by the Reporting Persons shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, such Reporting Persons are the beneficial owners of the securities reported herein and each of the Reporting Persons expressly disclaims beneficial ownership of the securities reported herein for purposes of Section 16 of the Securities Act, except to the extent of such Reporting Person's pecuniary interest therein.