0001104659-15-027098.txt : 20150410 0001104659-15-027098.hdr.sgml : 20150410 20150410195022 ACCESSION NUMBER: 0001104659-15-027098 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20150408 FILED AS OF DATE: 20150410 DATE AS OF CHANGE: 20150410 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Baltic Trading Ltd CENTRAL INDEX KEY: 0001474042 STANDARD INDUSTRIAL CLASSIFICATION: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412] IRS NUMBER: 000000000 STATE OF INCORPORATION: 1T FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 299 PARK AVENUE, 12TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10171 BUSINESS PHONE: 646-443-8550 MAIL ADDRESS: STREET 1: 299 PARK AVENUE, 12TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10171 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Apollo Principal Holdings II GP, LLC CENTRAL INDEX KEY: 0001490269 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34648 FILM NUMBER: 15765558 BUSINESS ADDRESS: STREET 1: 9 W. 57TH ST. STREET 2: 43RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212-515-3200 MAIL ADDRESS: STREET 1: 9 W. 57TH ST. STREET 2: 43RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Apollo Capital Management GP, LLC CENTRAL INDEX KEY: 0001456419 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34648 FILM NUMBER: 15765561 BUSINESS ADDRESS: STREET 1: 9 WEST 57TH STREET CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212 515 3200 MAIL ADDRESS: STREET 1: 9 WEST 57TH STREET CITY: NEW YORK STATE: NY ZIP: 10019 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Apollo Management Holdings, L.P. CENTRAL INDEX KEY: 0001449434 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34648 FILM NUMBER: 15765562 BUSINESS ADDRESS: STREET 1: 9 W. 57TH STREET CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212-515-3200 MAIL ADDRESS: STREET 1: 9 W. 57TH STREET CITY: NEW YORK STATE: NY ZIP: 10019 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Apollo Management Holdings GP, LLC CENTRAL INDEX KEY: 0001449433 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34648 FILM NUMBER: 15765563 BUSINESS ADDRESS: STREET 1: 9 W. 57TH STREET STREET 2: 43RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212-515-3200 MAIL ADDRESS: STREET 1: 9 W. 57TH STREET STREET 2: 43RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: APOLLO SPECIAL OPPORTUNITIES MANAGED ACCOUNT LP CENTRAL INDEX KEY: 0001445269 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34648 FILM NUMBER: 15765565 BUSINESS ADDRESS: STREET 1: ONE MANHATTANVILLE ROAD STREET 2: SUITE 201 CITY: PURCHASE STATE: NY ZIP: 10577 BUSINESS PHONE: 212-515-3406 MAIL ADDRESS: STREET 1: ONE MANHATTANVILLE ROAD STREET 2: SUITE 201 CITY: PURCHASE STATE: NY ZIP: 10577 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Apollo Value Investment Master Fund, L.P. CENTRAL INDEX KEY: 0001427357 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34648 FILM NUMBER: 15765567 BUSINESS ADDRESS: STREET 1: 9 WEST 57TH STREET CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212.515.3485 MAIL ADDRESS: STREET 1: 9 WEST 57TH STREET CITY: NEW YORK STATE: NY ZIP: 10019 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Apollo Capital Management, L.P. CENTRAL INDEX KEY: 0001456421 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34648 FILM NUMBER: 15765560 BUSINESS ADDRESS: STREET 1: 9 WEST 57TH STREET CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212 515 3200 MAIL ADDRESS: STREET 1: 9 WEST 57TH STREET CITY: NEW YORK STATE: NY ZIP: 10019 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Apollo Principal Holdings II, L.P. CENTRAL INDEX KEY: 0001490268 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34648 FILM NUMBER: 15765559 BUSINESS ADDRESS: STREET 1: 9 W. 57TH STREET STREET 2: 43RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212-515-3200 MAIL ADDRESS: STREET 1: 9 W. 57TH STREET STREET 2: 43RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Apollo Value Advisors, LP CENTRAL INDEX KEY: 0001317611 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34648 FILM NUMBER: 15765566 BUSINESS ADDRESS: STREET 1: TWO MANHATTANVILLE ROAD CITY: PURCHASE STATE: NY ZIP: 10577 BUSINESS PHONE: 914-694-8000 MAIL ADDRESS: STREET 1: TWO MANHATTANVILLE ROAD CITY: PURCHASE STATE: NY ZIP: 10577 FORMER NAME: FORMER CONFORMED NAME: Apollo DIF Advisors, LP DATE OF NAME CHANGE: 20050214 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Apollo SVF Management, L.P. CENTRAL INDEX KEY: 0001374205 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34648 FILM NUMBER: 15765564 BUSINESS ADDRESS: STREET 1: TWO MANHATTANVILLE ROAD CITY: PURCHASE STATE: NY ZIP: 10577 BUSINESS PHONE: 914-694-8000 MAIL ADDRESS: STREET 1: TWO MANHATTANVILLE ROAD CITY: PURCHASE STATE: NY ZIP: 10577 4 1 a4.xml 4 X0306 4 2015-04-08 0 0001474042 Baltic Trading Ltd BALT 0001449433 Apollo Management Holdings GP, LLC 9 W. 57TH STREET 43RD FLOOR NEW YORK NY 10019 0 0 1 0 0001449434 Apollo Management Holdings, L.P. 9 W. 57TH STREET NEW YORK NY 10019 0 0 1 0 0001456419 Apollo Capital Management GP, LLC 9 WEST 57TH STREET NEW YORK NY 10019 0 0 1 0 0001456421 Apollo Capital Management, L.P. 9 WEST 57TH STREET NEW YORK NY 10019 0 0 1 0 0001490268 Apollo Principal Holdings II, L.P. 9 W. 57TH STREET 43RD FLOOR NEW YORK NY 10019 0 0 1 0 0001490269 Apollo Principal Holdings II GP, LLC 9 W. 57TH ST. 43RD FLOOR NEW YORK NY 10019 0 0 1 0 0001427357 Apollo Value Investment Master Fund, L.P. 9 WEST 57TH STREET NEW YORK NY 10019 0 0 1 0 0001317611 Apollo Value Advisors, LP TWO MANHATTANVILLE ROAD PURCHASE NY 10577 0 0 1 0 0001445269 APOLLO SPECIAL OPPORTUNITIES MANAGED ACCOUNT LP ONE MANHATTANVILLE ROAD SUITE 201 PURCHASE NY 10577 0 0 1 0 0001374205 Apollo SVF Management, L.P. TWO MANHATTANVILLE ROAD PURCHASE NY 10577 0 0 1 0 Common stock, par value $0.01 2015-04-08 4 S 0 465000 1.4576 D 6604483 I See footnote Common stock, par value $0.01 2015-04-09 4 S 0 554624 1.4212 D 6049859 I See footnote See Exhibit 99.1. See Exhibit 99.1. See Exhibit 99.1. [see signatures attached as Exhibit 99.2] 2015-04-10 EX-99.1 2 ex-99d1.htm EX-99.1

Exhibit 99.1

(1) The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.4501 to $1.4665, inclusive.

(2) The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.4172 to $1.4227. The reporting persons undertake to provide to Baltic Trading Limited (the “Issuer”), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) and this footnote (2) to this Form 4.

(3) The shares of common stock, par value $0.01, of the Issuer reported as beneficially owned following the reported transaction are held of record by: (i) Apollo Value Investment Master Fund, L.P. (“Value Master Fund”), (ii) Apollo Special Opportunities Managed Account, L.P. (“SOMA Fund”), (iii) Apollo Credit Strategies Master Fund Ltd. (“Credit Strategies”), and (iv) Apollo Capital Spectrum Fund, L.P. (“Capital Spectrum,” together with Value Master Fund, SOMA Fund and Credit Strategies, the “Apollo Funds”).

Apollo Value Advisors, L.P. (“Value Advisors”) is the managing general partner of Value Master Fund, and Apollo Value Capital Management, LLC (“Value Capital Management”) is the general partner of Value Advisors. Apollo Value Management, L.P. (“Value Management”) is the manager of Value Master Fund, and Apollo Value Management GP, LLC (“Value Management GP”) is the general partner of Value Management. Apollo SVF Management, L.P. (“SVF Management”) is the manager of SOMA Fund, and Apollo SVF Management GP, LLC (“SVF Management GP”) is the general partner of SVF Management. Apollo SOMA Advisors, L.P. (“SOMA Advisors”) is the general partner of SOMA Fund. Apollo SOMA Capital Management, LLC (“SOMA Capital Management”) is the general partner of SOMA Advisors. Apollo ST Fund Management LLC (“ST Management”) is the investment manager for Credit Strategies. Apollo ST Operating LP (“ST Operating”) is the sole member of ST Management. Apollo ST Capital LLC (“ST Capital”) is the general partner of ST Operating. ST Management Holdings LLC (“ST Management Holdings”) is the sole member of ST Capital. Apollo Capital Spectrum Advisors, LLC (“Capital Spectrum Advisors”) is the general partner of Capital Spectrum, and Apollo Capital Spectrum Management, LLC (“Capital Spectrum Management”) is the investment manager for Capital Spectrum.

Apollo Principal Holdings II, L.P. (“Principal II”) is the sole member and manager of Value Capital Management, SOMA Capital Management and Capital Spectrum Advisors, and Apollo Principal Holdings II GP, LLC (“Principal II GP”) is the general partner of Principal II. Apollo Capital Management, L.P. (“Capital Management”) is the sole member and manager of Value Management GP, SVF Management GP, ST Management Holdings and Capital Spectrum Management. Apollo Capital Management GP, LLC (“Capital Management GP”) is the general partner of Capital Management. Apollo Management Holdings, L.P. (“Management Holdings”) is the sole member and manager of Capital Management GP. Apollo Management Holdings GP, LLC (“Management Holdings GP”) is the general partner of Management Holdings. Leon Black, Joshua Harris and Marc Rowan are the managers of Principal II GP, and the managers, as well as executive officers, of Management Holdings GP.

Each of the Apollo Funds disclaims beneficial ownership of any shares of the Issuer’s common stock owned of record by the other Apollo Funds, and each of Value Advisors, Value Capital Management, Value Management, Value Management GP, SVF Management, SVF Management GP, SOMA Advisors, SOMA Capital Management, ST Management, ST Operating, ST Capital, ST Management Holdings, Capital Spectrum Advisors, Capital Spectrum Management, Principal II, Principal II GP, Capital Management, Capital Management GP, Management Holdings and Management Holdings

GP, and Messrs. Black, Harris and Rowan, disclaims beneficial ownership of any shares of the Issuer’s common stock owned of record by the Apollo Funds, in each case except to the extent of any pecuniary interest therein, and this report shall not be deemed an admission that any such entity is the beneficial owner of or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

The address of Value Master Fund, Credit Strategies and Capital Spectrum is c/o Maples Corporate Services Limited, P.O. Box 309, Ugland House, Grand Cayman, KY1 1104, Cayman Islands. The address of each of Value Advisors, Value Capital Management, SOMA Fund, SOMA Advisors, SOMA Capital Management, Capital Spectrum Advisors, Principal II and Principal II GP is One Manhattanville Road, Suite 201, Purchase, New York 10577. The address of each of Value Management, Value Management GP, SVF Management, SVF Management GP, ST Management, ST Operating, ST Capital, ST Management Holdings, Capital Spectrum Management, Capital Management, Capital Management GP, Management Holdings and Management Holdings GP, and Messrs. Black, Harris and Rowan, is 9 W. 57th Street, 43rd Floor, New York, New York 10019.

EX-99.2 3 ex-99d2.htm EX-99.2

Exhibit 99.2

This Statement on Form 4 is filed by: (i) Apollo Value Investment Master Fund, L.P., (ii) Apollo Value Advisors, L.P., (iii) Apollo Value Capital Management, LLC, (iv) Apollo Value Management, L.P., (v) Apollo Value Management GP, LLC, (vi) Apollo Special Opportunities Managed Account, L.P., (vii) Apollo SOMA Advisors, L.P., (viii) Apollo SOMA Capital Management, LLC, (ix) Apollo SVF Management, L.P., (x) Apollo SVF Management GP, LLC, (xi) Apollo Credit Strategies Master Fund Ltd., (xii) Apollo ST Fund Management LLC, (xiii) Apollo ST Operating LP, (xiv) Apollo ST Capital LLC, (xv) ST Management Holdings LLC, (xvi) Apollo Capital Spectrum Fund, L.P., (xvii) Apollo Capital Spectrum Advisors, LLC, (xviii) Apollo Capital Spectrum Management, LLC, (xix) Apollo Capital Management, L.P., (xx) Apollo Capital Management GP, LLC, (xxi) Apollo Principal Holdings II, L.P., (xxii) Apollo Principal Holdings II GP, LLC, (xxiii) Apollo Management Holdings, L.P., and (xxiv) Apollo Management Holdings GP, LLC

Name of Designated Filer: Apollo Management Holdings GP, LLC

Date of Event Requiring Statement: April 8, 2015

Issuer Name and Ticker or Trading Symbol: Baltic Trading Limited [BALT]

APOLLO VALUE INVESTMENT MASTER FUND, L.P.

By:	Apollo Value Advisors, L.P.
	its managing general partner

	By:				Apollo Value Capital Management, LLC
					its general partner

				By:			/s/ Joseph D. Glatt
				Name:			Joseph D. Glatt
				Title:			Vice President


APOLLO VALUE ADVISORS, L.P.

By:		Apollo Value Capital Management, LLC
		its general partner

		By:				/s/ Joseph D. Glatt
		Name:				Joseph D. Glatt
		Title:				Vice President


APOLLO VALUE CAPITAL MANAGEMENT, LLC

By:			/s/ Joseph D. Glatt
Name:			Joseph D. Glatt
Title:			Vice President

APOLLO VALUE MANAGEMENT, L.P.

By:	Apollo Value Management GP, LLC
	its general partner

	By:				/s/ Joseph D. Glatt
	Name:				Joseph D. Glatt
	Title:				Vice President


APOLLO VALUE MANAGEMENT GP, LLC

By:			/s/ Joseph D. Glatt
Name:			Joseph D. Glatt
Title:			Vice President


APOLLO SPECIAL OPPORTUNITIES
MANAGED ACCOUNT, L.P.

By:	Apollo SOMA Advisors, L.P.
	its managing general partner

	By:			Apollo SOMA Capital Management, LLC
				its general partner

				By:			/s/ Joseph D. Glatt
				Name:			Joseph D. Glatt
				Title:			Vice President


APOLLO SOMA ADVISORS, L.P.

By:	Apollo SOMA Capital Management, LLC
	its general partner

	By:					/s/ Joseph D. Glatt
	Name:					Joseph D. Glatt
	Title:					Vice President

APOLLO SOMA CAPITAL MANAGEMENT, LLC

By:		/s/ Joseph D. Glatt
Name:		Joseph D. Glatt
Title:		Vice President

APOLLO SVF MANAGEMENT, L.P.

By:	Apollo SVF Management GP, LLC
	its general partner

		By:					/s/ Joseph D. Glatt
		Name:					Joseph D. Glatt
		Title:					Vice President


APOLLO SVF MANAGEMENT GP, LLC

By:			/s/ Joseph D. Glatt
Name:			Joseph D. Glatt
Title:			Vice President


APOLLO CREDIT STRATEGIES MASTER FUND LTD.

By:	Apollo ST Fund Management LLC
	its investment manager

	By:				/s/ Joseph D. Glatt
	Name:				Joseph D. Glatt
	Title:				Vice President


APOLLO ST FUND MANAGEMENT LLC

By:				/s/ Joseph D. Glatt
Name:				Joseph D. Glatt
Title:				Vice President


APOLLO ST OPERATING LP

By:	Apollo ST Capital LLC
	its general partner

		By:				/s/ Joseph D. Glatt
		Name:				Joseph D. Glatt
		Title:				Vice President

APOLLO ST CAPITAL LLC

By:			/s/ Joseph D. Glatt
Name:			Joseph D. Glatt
Title:			Vice President


ST MANAGEMENT HOLDINGS LLC

By:				/s/ Joseph D. Glatt
Name:				Joseph D. Glatt
Title:				Vice President


APOLLO CAPITAL SPECTRUM FUND, L.P.

By:		Apollo Capital Spectrum Advisors, LLC
		its general partner

		By:			/s/ Joseph D. Glatt
		Name:			Joseph D. Glatt
		Title:			Vice President


APOLLO CAPITAL SPECTRUM ADVISORS, LLC

By:				/s/ Joseph D. Glatt
Name:				Joseph D. Glatt
Title:				Vice President


APOLLO CAPITAL SPECTRUM MANAGEMENT, LLC

By:				/s/ Joseph D. Glatt
Name:				Joseph D. Glatt
Title:				Vice President

APOLLO CAPITAL MANAGEMENT, L.P.

By:	Apollo Capital Management GP, LLC
	its general partner

	By:				/s/ Joseph D. Glatt
	Name:				Joseph D. Glatt
	Title:				Vice President

APOLLO CAPITAL MANAGEMENT GP, LLC

By:	/s/ Joseph D. Glatt
Name:	Joseph D. Glatt
Title:	Vice President


APOLLO PRINCIPAL HOLDINGS II, L.P.

By:	Apollo Principal Holdings II GP, LLC
	its general partner

	By:	/s/ Joseph D. Glatt
	Name:	Joseph D. Glatt
	Title:	Vice President


APOLLO PRINCIPAL HOLDINGS II GP, LLC

By:	/s/ Joseph D. Glatt
Name:	Joseph D. Glatt
Title:	Vice President


APOLLO MANAGEMENT HOLDINGS, L.P.

By:	Apollo Management Holdings GP, LLC
	its general partner

	By:	/s/ Joseph D. Glatt
	Name:	Joseph D. Glatt
	Title:	Vice President


APOLLO MANAGEMENT HOLDINGS GP, LLC

By:	/s/ Joseph D. Glatt
Name:	Joseph D. Glatt
Title:	Vice President