Gener8 Maritime repays $60.6 million borrowings, terminates term loan

By Wendy Van Sickle

Columbus, Ohio, Jan. 4 – Gener8 Maritime, Inc. repaid the $60.6 million outstanding under subsidiary Gener8 Maritime Subsidiary VII Inc.’s term loan facility entered on Oct. 21 with Citibank, NA, New York Branch as facility agent, according to an 8-K filed with the Securities and Exchange Commission.

The term loan was repaid and terminated on Dec. 30.

Gener8 Maritime is a New York-based provider of international seaborne crude oil transportation services.

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