kl08005.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of the
Securities
Exchange Act of 1934
Date of
Report (Date of earliest event reported): August 4, 2010
BALTIC
TRADING LIMITED
(Exact
Name of Registrant as Specified in Charter)
Republic
of the Marshall Islands
|
001-34648
|
98-0637837
|
(State
or Other Jurisdiction
of
Incorporation)
|
(Commission
File Number)
|
(I.R.S.
Employer
Identification
No.)
|
299
Park Avenue
20th
Floor
(Address
of Principal Executive Offices)
|
|
10171
(Zip
Code)
|
Registrant’s
telephone number, including area code: (646) 443-8550
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General
Instruction A.2. below):
o
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|
o
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
|
o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
2.01. Completion
of Acquisition or Disposition of Assets
On August
4, 2010, Baltic Trading Limited (the “Company”) completed the acquisition of the
Baltic Wind, a 35,000 dwt Handysize vessel. The Company had agreed to
buy the vessel under the terms of agreements that the Company entered into with
affiliates of Metrostar Management Corporation to acquire a total of three
Handysize vessels as disclosed in the Company’s Current Report on Form 8-K filed
on June 9, 2010. The Baltic Wind is the first vessel to be delivered
to the Company under such agreements. The Company paid a total
purchase price of approximately $33.25 million for the Baltic Wind, which the
Company financed with the proceeds of its initial public offering and a $75
million capital contribution from Genco Investments LLC as well as borrowings
under its $100 million revolving credit facility.
A copy of
the Company’s press release announcing the delivery of this vessel to the
Company is attached hereto as Exhibit 99.1.
Item
9.01. Financial
Statements and Exhibits.
(d) Exhibits
The
following exhibits are filed herewith:
99.1
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Press
Release dated August 4,
2010.
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SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, Baltic Trading
Limited has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BALTIC
TRADING LIMITED
DATE: August
4, 2010
/s/ John
C. Wobensmith
John
C. Wobensmith
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President
and Chief Financial Officer
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EXHIBIT
INDEX
99.1
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Press
Release dated August 4,
2010.
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