Danaos Corporation (DAC) Tops Q1 EPS by 7c, Revenues Beat

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Go back to Danaos Corporation (DAC) Tops Q1 EPS by 7c, Revenues Beat

Danaos Corporation Reports First Quarter Results for the Period Ended March 31, 2018

June 26, 2018 4:30 PM EDT

ATHENS, Greece, June 26, 2018 /PRNewswire/ -- Danaos Corporation ("Danaos") (NYSE: DAC), one of the world's largest independent owners of containerships, today reported unaudited results for the quarter ended March 31, 2018.

Highlights for the First Quarter Ended March 31, 2018:

On June 19, 2018, we reached an agreement with certain of our lenders currently holding approximately $2.2 billion of debt maturing on December 31, 2018, that will significantly strengthen the Company's financial position through a debt reduction of approximately $551 million, the resetting of financial and other covenants, modified interest rates and amortization profiles and an... More