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BALT > SEC Filings for BALT > Form 8-K on 12-Nov-2013All Recent SEC Filings

Show all filings for BALTIC TRADING LTD

Form 8-K for BALTIC TRADING LTD


12-Nov-2013

Regulation FD Disclosure, Other Events, Financial Statements and Exhibits


Item 7.01 Regulation FD Disclosure.

Baltic Trading Limited (the "Company") announced today that it has been in negotiations with a shipyard concerning the building of two Ultramax drybulk vessels for an aggregate purchase price of $56 million with delivery expected in the second half of 2014. Under the proposed arrangement, the Company would have the option, exercisable until January 10, 2014, to purchase up to two additional such vessels for a purchase price of $28 million per vessel. The Company's purchase of any such vessels is subject to its entry into a shipbuilding agreement and other definitive documentation, which is currently under negotiation. If the Company proceeds with this acquisition, the Company plans to finance it in part through the proceeds from the offering referenced in Item 8.01 below and in part through commercial bank debt financing.



Item 8.01 Other Events.

Exhibit 1.1 filed with this Current Report contains the form of Underwriting Agreement proposed to be entered into by the Company and the underwriters listed therein in connection with the Company's proposed public offering of common stock (the "Common Stock") pursuant to its Registration Statement on Form S-3 (No. 333-168700) (the "Registration Statement") previously filed with the U.S. Securities and Exchange Commission, and its prospectus supplement and accompanying prospectus for such offering. This exhibit is hereby incorporated by reference into the Registration Statement.

Exhibit 99.1 filed with this Current Report contains certain information relating to Part II, Item 14. "Other Expenses of Issuance and Distribution" of the Registration Statement relates to the Common Stock.

"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995

This report contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward looking statements are based on management's current expectations and observations. Included among the factors that, in our view, could cause actual results to differ materially from the forward looking statements contained in this presentation are the following: whether the Company enters into definitive documentation for the proposed vessel purchase and the terms thereof, whether the Company is able to obtain commercial bank debt financing for the proposed vessel purchase and the terms thereof, whether the Company is able to complete the proposed offering and the amount of net proceeds it may obtain from such offering, and other factors listed from time to time in our public filings with the Securities and Exchange Commission including, without limitation, the Company's report on Form 10-K for the year ended December 31, 2012 and its subsequent reports on Form 10-Q and Form 8-K.



Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

The following exhibits are filed herewith:

Exhibit No.                                 Description

1.1            Form of Underwriting Agreement.

99.1           Information relating to Part II, Item 14. "Other Expenses of Issuance
               and Distribution" of the Registration Statement in respect of the
               offering of Common Stock.


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