CREDIT AGREEMENT among BALTIC TRADING LIMITED, as Borrower VARIOUS LENDERS, and NORDEA BANK FINLAND PLC, acting through its New York branch, as Administrative Agent and Security Trustee Dated as of April 16, 2010Credit Agreement • April 19th, 2010 • Baltic Trading LTD • Deep sea foreign transportation of freight
THIS SENIOR SECURED REVOLVING CREDIT FACILITY AGREEMENT (this “Agreement”), is made as of April 16, 2010, by and among (1) BALTIC TRADING LIMITED, a corporation organized and existing under the laws of the Republic of Marshall Islands (the “Borrower”), (2) the banks and financial institutions listed in Schedule I of this Agreement, as lenders (the “Lenders”) and (3) NORDEA BANK FINLAND PLC, acting through its New York branch (“Nordea”), as Administrative Agent (in such capacity, the “Administrative Agent”) and as security trustee under the Security Documents (in such capacity, the “Security Trustee”). All capitalized terms used herein and defined in Appendix A are used herein as therein defined.
