Danaos Corporation (DAC) Tops Q2 EPS by 4c, Revenues Beat

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Go back to Danaos Corporation (DAC) Tops Q2 EPS by 4c, Revenues Beat

Danaos Corporation Reports Second Quarter and Half Year Results for the Period Ended June 30, 2018

September 24, 2018 4:48 PM EDT

ATHENS, Greece, Sept. 24, 2018 /PRNewswire/ -- Danaos Corporation ("Danaos") (NYSE: DAC), one of the world's largest independent owners of containerships, today reported unaudited results for the period ended June 30, 2018.

Highlights for the Second Quarter and Half Year Ended June 30, 2018:

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... More