UNITED STATES
 
SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C. 20549
 
FORM 6-K
 
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
 
15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
 
For the month of May 2011
 
Commission File Number: 001-34985
 
Globus Maritime Limited
 
(Translation of registrant’s name into English)
 
128 Vouliagmenis Avenue, 3rd Floor Glyfada, Athens, Greece, 166 74
 
(Address of principal executive office)
 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
 
Form 20-F      x           Form 40-F      o
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
 
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
 
Yes      o           No      x
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
 
 
 
 
 
On May 5, 2011, Globus Maritime Limited, Credit Suisse AG, Elysium Maritime Limited, Devocean Maritime Ltd., Dulac Maritime S.A., Domina Maritime Ltd. and Globus Shipmanagement Corp. entered into a Sixth Supplemental Agreement relating to the credit facility dated as of November 26, 2007, as supplemented from time to time.  A copy of the Sixth Supplemental Agreement is furnished as Exhibit 99.1 to this Report and is incorporated herein by reference.
 

EXHIBIT INDEX
         
Exhibit No.
 
Exhibit
 
99.1
   
Sixth Supplemental Agreement to Facility Agreement dated May 5, 2011

 
 
 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
Date:  May 9, 2011
     
 
GLOBUS MARITIME LIMITED
     
 
By:
/s/ Elias S. Deftereos
 
 
Name:
Elias S. Deftereos
 
Title:
Chief Financial Officer
 
 
 
 
EXHIBIT 99.1
Supplemental Agreement
Date: 5 May 2011


1
Reference is made to the facility agreement dated 26 November 2007 (the “ Original Agreement ”) made between Globus Maritime Limited (the “ Borrower ”) and Credit Suisse AG (formerly known as Credit Suisse) (the “ Bank ”), as amended by (a) a supplemental agreement dated 12 March 2009, made between the Borrower, Devocean Maritime Ltd. and Elysium Maritime Limited (together the “ Initial Owners ”), Eleanor Maritime Limited (the “ Island Globe Owner ”), Globus Shipmanagement Corp. (the “ Manager ”) and the Bank (the “ First Supplemental Agreement ”), (b) a second supplemental agreement dated 18 August 2009, made between the Borrower, the Initial Owners, the Island Globe Owner, the Manager and the Bank (the “ Second Supplemental Agreement ”), (c) a third supplemental agreement dated 17 May 2010, made between the Borrower, the Initial Owners, the Island Globe Owner, Domina Maritime Ltd. (the “ Sky Globe Owner ”), the Manager and the Bank (the “ Third Supplemental Agreement ”), (d) a fourth supplemental agreement dated 21 May 2010 made between the Borrower, the Initial Owners, the Sky Globe Owner, Dulac Maritime S.A. (the “ Star Globe Owner ”), the Manager and the Bank (the “ Fourth Supplemental Agreement ”) and (e) a fifth supplemental agreement dated 12 November 2010 made between the Borrower, the Initial Owners, the Sky Globe Owner, the Star Globe Owner, the Manager and the Bank (the “ Fifth Supplemental Agreement ” and together with the Original Agreement, the First Supplemental Agreement, the Second Supplemental Agreement, the Third Supplemental Agreement and the Fourth Supplemental Agreement, the “ Facility Agreement ”), pursuant to which the Bank agreed to make available to the Borrower a reducing revolving credit facility of (originally) up to One hundred and twenty million United States Dollars ($120,000,000) upon the terms and conditions set out therein.
 
2  
Words and expressions defined in the Facility Agreement shall have the same meanings when used herein.
 
3  
Following the Borrower’s relevant request, it is hereby agreed that the Facility Agreement shall be (and is hereby) amended as follows with effect on the date of this Agreement, but subject to the conditions of paragraph 4 below:
 
3.1 
by inserting in the correct alphabetical order in clause 1.2 of the Facility Agreement, the following new definition of “ Six Month Debt Service ”:
 
 
““ Six Month Debt Service ” means, on any relevant day, the sum determined by the Bank in its sole discretion to be the aggregate of (i) the total principal amount of all Borrowed Money and (ii) interest accruing thereon, payable by all members of the Group and which falls due in the six (6) month period commencing on such day;”;
 
3.2
by deleting clause 8.3.6 of the Facility Agreement in its entirety and by replacing it with the following new clause 8.3.6:
 
“8.3.6 
Share capital and distribution
 
purchase or otherwise acquire for value any shares of its capital or declare or pay any dividends or distribute any of its present or future assets, undertaking, rights or revenues to any of its shareholders provided however that the Borrower may declare or pay dividends to its shareholders if no Default shall have occurred at the time of declaration or payment of such dividends nor would occur as a result of the declaration or payment of such dividends;”; and
 
 
 
 
 
3.3
by deleting paragraph 8.4.1(b) of the Facility Agreement in its entirety and by replacing it with the following new paragraph 8.4.1(b):
 
 
“(b)
Liquidity
 
it maintains at the end of each Accounting Period and at all other times during the Security Period, Consolidated Cash and Cash Equivalents in an amount which is not less than the higher of:
 
(i)         $10,000,000; and
 
(ii)         Six Month Debt Service.”.
 
4  
The Bank hereby confirms its consent to the above amendments to the Facility Agreement on condition that:
 
(a)  
the Borrower and each Security Party shall have confirmed their agreement and consent to the arrangements of this Agreement by counter-signing this Agreement by signatories acceptable to the Bank in all respects;
 
(b)  
there shall have been delivered to the Bank, such corporate authorisations or other evidence of the authority of the Borrower and the other Security Parties in relation to the execution of this Agreement, in a form acceptable to the Bank in all respects; and
 
(c)  
the Borrower shall pay to the Bank on the date of this Agreement an amendment fee of Ten thousand Dollars ($10,000),
 
 
and, with effect on and from the date when the Bank advises the Borrower that it is satisfied that the conditions referred to in paragraphs 4(a), 4(b) and 4(c) above have been met, the Facility Agreement shall be hereby amended (and deemed amended) in accordance with the changes referred to in paragraph 3 above.
 
5  
This Agreement is supplemental to the Facility Agreement and the Facility Agreement and this Agreement shall be read and construed together as one instrument. Consequently, this Agreement is a “Security Document” for the purposes of the Facility Agreement and failure by the Borrower to comply with its obligations under this Agreement shall constitute an Event of Default under the Facility Agreement.
 
6  
Save as amended by this Agreement, all other terms of the Facility Agreement remain unchanged.
 
7  
This Agreement and any non-contractual obligations in connection with this Agreement are governed by, and shall be construed in accordance with, English law.
 
 
 
 
 
EXECUTED as a DEED
)
 
by Elias S. Deftereos
)
/s/ Elias S. Deftereos
duly authorised for and on behalf of
)
Attorney-in-Fact
GLOBUS MARITIME LIMITED
)
 
in the presence of:
)
 
     
/s/ Ekaterini Tano
   
Witness
   
Name: Ekaterini Tano
   
Norton Rose LLP  
 
Trainee Solicitor
 
 
     
     
EXECUTED as a DEED
)
 
by
)
/s/ Stephan Schürch  /s/ George Tzelepis
duly authorised for and on behalf of
)
Attorney-in-Fact
CREDIT SUISSE AG
)
 
in the presence of:
)
 
     
/s/ Natalie Kranz
   
Witness
   
Name: Natalie Kranz
     Credit Suisse AG
   
     
     
EXECUTED as a DEED
)
 
by Elias Deftereos
)
/s/ Elias Deftereos
duly authorised for and on behalf of
)
Attorney-in-Fact
ELYSIUM MARITIME LIMITED
)
 
in the presence of:
)
 
     
/s/ Ekaterini Tano
   
Witness
   
Name: Ekaterini Tano
     Norton Rose LLP
     Trainee Solicitor
   
     
     
EXECUTED as a DEED
)
 
by Elias Deftereos
)
/s/ Elias Deftereos
duly authorised for and on behalf of
)
Attorney-in-Fact
DEVOCEAN MARITIME LTD.
)
 
in the presence of:
)
 
     
/s/ Ekaterini Tano
   
Witness
   
Name: Ekaterini Tano
     Norton Rose LLP
     Trainee Solicitor
   
 
 
 
 
 
 
     
EXECUTED as a DEED
)
 
by Elias Deftereos
)
/s/ Elias Deftereos
duly authorised for and on behalf of
)
Attorney-in-Fact
DULAC MARITIME S.A.
)
 
in the presence of:
)
 
     
/s/ Ekaterini Tano
   
Witness
   
Name: Ekaterini Tano
     Norton Rose LLP
     Trainee Solicitor
   
     
     
EXECUTED as a DEED
)
 
by Elias Deftereos
)
/s/ Elias Deftereos
duly authorised for and on behalf of
)
Attorney-in-Fact
DOMINA MARITIME LTD.
)
 
in the presence of:
)
 
     
/s/ Ekaterini Tano
   
Witness
   
Name: Ekaterini Tano
     Norton Rose LLP
     Trainee Solicitor
 
 
     
     
EXECUTED as a DEED
)
 
by Elias Deftereos
)
/s/ Elias Deftereos
duly authorised for and on behalf of
)
Attorney-in-Fact
GLOBUS SHIPMANAGEMENT CORP.
)
 
in the presence of:
)
 
     
/s/ Ekaterini Tano
   
Witness
   
Name: Ekaterini Tano
     Norton Rose LLP
     Trainee Solicitor :