XML 98 R51.htm IDEA: XBRL DOCUMENT v2.4.0.8
GENERAL INFORMATION (Details) (USD $)
In Thousands, except Share data, unless otherwise specified
0 Months Ended
Sep. 30, 2014
$253 Million Term Loan Facility
Sep. 30, 2014
$100 Million Term Loan Facility
Jul. 09, 2014
Chapter 11
New Genco Equity Warrants
Jul. 09, 2014
Chapter 11
New Genco Equity Warrants
Jul. 09, 2014
Chapter 11
Common Stock
Jul. 09, 2014
Chapter 11
Common Stock
New Genco Equity Warrants
Jul. 09, 2014
Chapter 11
Common Stock
Backstopped rights offering
Jul. 09, 2014
Chapter 11
2010 Notes
Jul. 09, 2014
Chapter 11
2010 Notes
Common Stock
Jul. 09, 2014
Chapter 11
2010 Notes
Common Stock
Backstopped rights offering
Jul. 09, 2014
Chapter 11
2007 Credit Facility
Jul. 09, 2014
Chapter 11
2007 Credit Facility
Common Stock
Jul. 09, 2014
Chapter 11
2007 Credit Facility
Common Stock
Backstopped rights offering
Sep. 30, 2014
Chapter 11
$253 Million Term Loan Facility
Sep. 30, 2014
Chapter 11
$100 Million Term Loan Facility
Apr. 21, 2014
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited
Chapter 11
Interest rate swap
Apr. 21, 2014
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited
Chapter 11
2010 Notes
Apr. 21, 2014
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited
Chapter 11
2007 Credit Facility
Apr. 21, 2014
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited
Chapter 11
$253 Million Term Loan Facility
Apr. 21, 2014
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited
Chapter 11
$100 Million Term Loan Facility
Chapter 11 Cases                                        
Floating rate debt $ 170,643 $ 69,714                               $ 1,055,912 $ 175,718 $ 73,561
Maximum borrowing capacity 253,000 100,000                       253,000 100,000          
Principal amount of the 2010 Notes                                 125,000      
Interest rate on convertible notes (as a percent)                                 5.00%      
Outstanding amount of derivatives                               5,622        
Bankruptcy claims settled by conversion into shares of entity (as a percent)               100.00%     100.00%                  
New stock issued for bankruptcy claims settlement (as a percent)                 8.40%     81.10%                
Percentage of new stock offered under offering             8.70%                          
Maximum percentage of subscription of new stock under offering                   20.00%     80.00%              
Number of shares of new stock in which each warrant or right can be converted           1                            
Subscription price (in dollars per share)       $ 20.99                                
Aggregate subscription price             $ 100,000                          
Number of warrants issued for old common stock of Genco       3,938,298                                
Warrants exercisable as percentage of new stock           6.00%                            
New Genco MIP Primary Equity shares distribution as percentage of new stock         1.80%                              
Minimum percentage of new stock providing demand and piggyback registration rights under the registration rights agreement         10.00%                              
Term of warrants     7 years