Attached files
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| EX-99.1 - EXHIBIT 99.1 - Baltic Trading Ltd | ex99_1.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): December 27, 2013
BALTIC TRADING LIMITED
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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
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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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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.
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Completion of Acquisition or Disposition of Assets
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On December 27, 2013, Baltic Trading Limited (the “Company”) completed the acquisition of the Baltic Lion, a 179,185 dwt Capesize vessel. The Baltic Lion is the second vessel delivered under the terms of agreements that the Company entered into with affiliates of SK Shipping Co. Ltd. to acquire two Capesize drybulk carriers. The Company paid a total purchase price of approximately $52.5 million for the vessel, which the Company financed with available cash and borrowings under its $44 million credit facility.
Attached as Exhibit 99.1 is a copy of a press release of the Company pertaining to the Baltic Lion, which is incorporated into this Item 2.01 except for the second paragraph thereof, which contains quoted remarks.
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Item 9.01.
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Financial Statements and Exhibits.
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(d)
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Exhibits:
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The following exhibits are filed herewith:
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Exhibit No.
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Description
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99.1
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Press Release dated December 30, 2013.
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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.
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BALTIC TRADING LIMITED
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DATE: December 30, 2013
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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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EXHIBIT INDEX
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Exhibit No.
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Description
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Press Release dated December 30, 2013.
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