Filed Pursuant to Rule 433
Issuer Free Writing Prospectus dated May 21, 2008
Relating to Preliminary Prospectus dated May 19,
2008
Registration Statement No. 333-151001
Genco Shipping &
Trading Limited
3,737,500
Shares of Common Stock
ISSUER FREE WRITING PROSPECTUS
Pricing
Sheet - May 21, 2008
|
Issuer: |
|
Genco Shipping & Trading Limited |
|
|
|
|
|
Symbol: |
|
NYSE: GNK |
|
|
|
|
|
Shares offered: |
|
3,737,500 shares in the aggregate, consisting of: |
|
|
|
|
|
|
|
(i) 2,702,669 shares offered by the Issuer; |
|
|
|
|
|
|
|
(ii) 1,000,000 shares offered by the selling shareholder, OCM Fleet Acquisition LLC; and |
|
|
|
|
|
|
|
(iv) 34,831 shares offered by the selling shareholder, John C. Wobensmith. |
|
|
|
|
|
Over-allotment Option: |
|
560,600 Shares offered by the Issuer |
|
|
|
|
|
Price to public: |
|
$75.47 per share |
|
|
|
|
|
Proceeds, net of underwriting discounts and commissions: |
|
Approximately $195.8 million to the Issuer, if the over-allotment option is not exercised, or approximately $236.4 million to the Issuer, if the over-allotment option is exercised in full. |
|
|
|
|
|
|
|
Approximately $75.0 million to the selling shareholders. |
|
|
|
|
|
Trade date: |
|
May 21, 2008 |
|
Closing date: |
|
May 28, 2008 |
|
CUSIP: |
|
Y2685T 10 7 |
|
|
|
|
|
Underwriters: |
|
Morgan Stanley & Co. Incorporated |
|
|
|
Jefferies & Company, Inc. |
|
|
|
J.P. Morgan Securities Inc. |
|
|
|
Dahlman Rose & Company, LLC |
|
|
|
DnB NOR Markets, Inc. |
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by contacting Morgan Stanley & Co. Incorporated at 180 Varick Street, 2nd Floor, New York, N.Y. 10014 Attention: Prospectus Department or by e-mail at prospectus@morganstanley.com.
Any disclaimers or other notices that may appear below or elsewhere within the email transmitting this communication are not applicable to this communication and should be disregarded. Such disclaimers or other notices were automatically generated as a result of this communication being sent via Bloomberg or another email system.