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General Maritime Corporation, et al.

  1. May 03, 2012

    General Maritime Set To Sail Out Of Ch. 11

    General Maritime Corp. is set to end its bankruptcy stint after a New York bankruptcy judge confirmed a Chapter 11 plan Thursday that will see the oil tanker emerge under the control of private equity firm Oaktree Capital Management LP.

  2. March 15, 2012

    Nearing Deal, General Maritime Wins Exclusivity Extension

    General Maritime Corp. is nearing agreement with unsecured creditors and large bondholders on a consensual Chapter 11 plan, an attorney for the bankrupt oil tanker operator said at a hearing Thursday, where it gained more time to exclusively file a plan.

  3. February 28, 2012

    General Maritime Eyes Ch. 11 Exit After Negotiating Frenzy

    A New York bankruptcy judge approved General Maritime Corp.'s disclosure statement for its Chapter 11 plan Tuesday after the debtor agreed to last-minute concessions to unsecured creditors, setting the oil tanker operator up for an April 25 confirmation hearing on the plan.

  4. February 21, 2012

    General Maritime's Ch. 11 Plan Omits Crucial Info: BNY Mellon

    General Maritime Corp. indenture trustee The Bank of New York Mellon Corp. said Tuesday that the bankrupt oil tanker operator's disclosure statement left out important information that could significantly reduce payments owed to the noteholders the bank represents.

  5. February 07, 2012

    General Maritime Execs In Hot Seat Over Oaktree Deal

    A New York bankruptcy judge on Tuesday granted a request from General Maritime Corp.'s creditors committee to subpoena the oil tanker company's chairman, chief financial officer and others who negotiated a financing arrangement with private equity firm Oaktree Capital Management LP.

  6. December 15, 2011

    General Maritime, Creditors Reach Deal On $75M DIP Loan

    General Maritime Corp. reached an agreement Thursday with unsecured creditors of the bankrupt oil tanker operator, resolving their objections to a proposed $75 million debtor-in-possession loan provided by a private equity firm and the creation of an equity committee, as the debtor eyes a potential auction.

  7. December 14, 2011

    General Maritime Pushes For $75M DIP Loan

    Oil tanker operator General Maritime Corp. sought approval of a $75 million debtor-in-possession loan proposal in New York on Wednesday that creditors fear could leave private equity firm Oaktree Capital Management LP holding the reorganized company after bankruptcy.

  8. December 12, 2011

    General Maritime Creditors Balk At Oaktree Ties

    The newly formed creditors committee of tanker operator General Maritime Corp. on Monday questioned a prepetition loan from Oaktree Capital Management LP and objected to provisions in a proposal that could leave the private equity firm holding the reorganized company after bankruptcy.

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