DryShips (DRYS) Announces Agreement With Commerzbank and West to Waive $70M in Debt
More News related to DRYS
- DryShips (DRYS) Announces Exercise of Over-Allotment Option by Underwriters, Closes Convertible Senior Notes Offering for Net Proceeds of $448M
- DryShips Inc. Announces Exercise of Over-Allotment Option by Underwriter and Closes Offering of $460 Million Convertible Senior Notes
- Beacon Equity Issues Technical Trading Overview for DryShips Inc.
- DryShips (DRYS) Prices Convertible Senior Notes and Increases Offering to $400M; To Lend 26.1M Common to Deutsche Bank
- StockPreacher.com Issues Trading Outlook for Excel Maritime Carriers Ltd.
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."
Related Categories
Corporate NewsStocks Mentioned
-0.16Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
