Gener8 Maritime, Inc. Files Registration Statement for Initial Public Offering

May 27, 2015, 08:00 ET from Gener8 Maritime, Inc.

NEW YORK, May 27, 2015 /PRNewswire/ -- Gener8 Maritime, Inc. ("Gener8 Maritime" or the "Company") today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to the proposed initial public offering of its common stock.  The registration statement filed on Friday, May 22, 2015 represents Gener8 Maritime's initial public filing pursuant to the provisions of the Jumpstart our Business Startups (JOBS) Act of 2012. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Gener8 Maritime intends to apply to list its common stock on the New York Stock Exchange under the ticker symbol "GNRT".

Citigroup Global Markets Inc. and UBS Securities LLC are acting as joint book-running managers of the proposed offering.  The offering will be made only by means of a prospectus. When available, copies of the written preliminary prospectus relating to the offering can be obtained by contacting: Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Telephone number: 800-831-9146, or UBS Securities LLC, Attention: Prospectus Dept., 1285 Avenue of the Americas, New York, NY 10019, Telephone number: 888-827-7275.

A registration statement on Form S-1 relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Gener8 Maritime

Gener8 Maritime is a leading U.S.-based provider of international seaborne crude oil transportation services.  Gener8 Maritime owns a fully-delivered fleet of 46 vessels, comprised of 21 VLCC newbuildings and 25 vessels on the water consisting of seven VLCCs, 11 Suezmaxes, four Aframaxes, two Panamax tankers, and one Handymax tanker, together comprising over 10 million deadweight tons.

SOURCE Gener8 Maritime, Inc.