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DryShips (DRYS) Signs Waiver Agreement with DnB NOR for $86M of Debt

June 18, 2009 9:07 AM EDT
DRYS Hot Sheet
Overall Analyst Rating:
    NEUTRAL (Down Down)

Revenue Growth %: +67.1%
DryShips Inc. (NASDAQ: DRYS) announced today that it has signed an agreement with DnB NOR on waiver terms for $86 million of our outstanding debt.

George Economou, Chairman and CEO, commented: "We are pleased to have signed the agreement with DnB NOR for this facility which covers two of our drybulk vessels. We continue to deliver on the covenant waivers and assess acquisition opportunities to further grow the company."

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