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DryShips (DRYS) Reaches Waiver Terms On $645M In Debt

May 15, 2009 9:46 AM EDT
DRYS Hot Sheet
Overall Analyst Rating:
    NEUTRAL (Down Down)

Revenue Growth %: +67.1%
DryShips Inc. (Nasdaq: DRYS) reached agreement with HSH Nordbank as agents on waiver terms for $654 million of our outstanding debt.

George Economou, Chairman and Chief Executive Officer, commented: "We are delighted to have reached an agreement with HSH as agents on this major facility. This facility covers 23 of our drybulk vessels. This agreement is a testament of the support of the syndicate led by HSH Nordbank to DryShips."

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