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Stock Market & Financial Investment News

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July 3, 2014
08:58 EDTGNKGenco Shipping's Reorganization plan confirmed by Bankruptcy Court
Genco Shipping announced that the U.S. Bankruptcy Court for the Southern District of New York confirmed its Prepackaged Plan of Reorganization. Upon completion of the restructuring process, the Plan will reduce the company's total debt by approximately $1.2B and enhance its financial flexibility. The company expects to emerge from Chapter 11 in the week of July 7.
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