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BALT > SEC Filings for BALT > Form 8-K on 30-Dec-2013All Recent SEC Filings

Show all filings for BALTIC TRADING LTD



Completion of Acquisition or Disposition of Assets, Financial Statements and E

Item 2.01. Completion of Acquisition or Disposition of Assets

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.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits:

The following exhibits are filed herewith:

Exhibit No. Description

99.1 Press Release dated December 30, 2013.

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