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): September 6, 2013
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Republic of the Marshall Islands
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001-34648
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98-0637837
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(State or Other Jurisdiction of Incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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299 Park Avenue
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12th Floor
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10171
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(Address of Principal Executive Offices)
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(Zip Code)
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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 | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 2.01. | Completion of Acquisition or Disposition of Assets |
On September 5, 2013, the Company completed the acquisition of the Baltic Hare, a 31,887 dwt Handysize vessel. Subsequently, on September 6, 2013, the Company completed the acquisition of the Baltic Fox, a 31,883 dwt Handysize vessel. The Company had agreed to buy both vessels under the terms of agreements that the Company entered into with subsidiaries of Clipper Group to acquire two Handysize drybulk carriers as disclosed in the Company’s Current Report on Form 8-K filed on July 8, 2013. The Company paid a total purchase price of approximately $41 million for the vessels, which the Company financed with proceeds of its May 2013 equity offering and borrowings under its 2013 Credit Facility entered into on August 30, 2013 as disclosed in the Company’s Current Report on Form 8-K filed on September 5, 2013.
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.
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/s/ John C. Wobensmith
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John C. Wobensmith
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President and Chief Financial Officer
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