Dryships Agreement on $1.1b of Debt

Friday, May 29, 2009

DryShips Inc. (NASDAQ:DRYS) announced that it has reached agreement on waiver terms with Deutsche Bank AG, lender and Mandated Lead Arranger on $1.125b facility. This facility covers drillships hull numbers 1865 and 1866 currently under construction at Samsung Heavy Industries. This agreement is subject to customary documentation provisions.

George Economou, Chairman and Chief Executive Officer, commented: “We are pleased to have reached this agreement on a very important credit facility for DryShips. We are delivering the waivers as promised and we hope to conclude discussions with the rest of the lenders in the near future”.

(www.dryships.com)

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

General Dynamics Board Increases Dividend

The board of directors of General Dynamics today declared a regular quarterly dividend of 69 cents per share on the company's common stock, payable May 8, 2015,

Ensco Announces Cash Tender Offer

Ensco plc announced today that it has commenced a cash tender offer to purchase any and all of its outstanding 3.25% Senior Notes due 2016 (CUSIP No. 29358QAB5).

Egypt on a War Footing to Expand Suez Canal

The Suez Canal Authority is in a race to quickly expand the vital waterway for two-way traffic by August 2015, says an Associate Press report. Workers dig round the clock on Suez Canal expansion,

 
 
Maritime Standards Navigation Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3369 sec (3 req/sec)