Danaos Corporation Reports Second Quarter and Half Year Results for the Period Ended June 30, 2018
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Danaos Corporation (DAC) Tops Q2 EPS by 4c, Revenues Beat
September 24, 2018 4:51 PM EDTDanaos Corporation (NYSE: DAC) reported Q2 EPS of $0.27, $0.04 better than the analyst estimate of $0.23. Revenue for the quarter came in at $113.5 million versus the consensus estimate of $107.24 million.
On August 10, 2018, we consummated the agreement reached with certain of our lenders on June 19, 2018 for the refinancing of approximately $2.2 billion of our debt maturing on December 31, 2018, reducing our debt by approximately $551 million, resetting financial and other covenants, modifying interest rates and amortization profiles and extending debt maturities by approximately five years to December 31, 2023. In connection with this refinancing, we issued approximately 99.3 million... More