DryShips (DRYS) Announces Agreement With Commerzbank and West to Waive $70M in Debt
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DryShips Inc. (NASDAQ: DRYS) announced today that it has signed an agreement with Commerzbank and West LB on waiver terms for $70 million of our outstanding debt. This agreement is subject to customary documentation.
George Economou, Chairman and Chief Executive Officer, commented: "We are pleased to have reached an agreement with Commerzbank and West LB. We are now left with two facilities with aggregate outstanding debt of $117.5 million, where waiver agreements are close to finalization."
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