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Offshore Contract Drilling Oil Services News

30 Jun 2015

DryShips Sells Six Aframax Tankers

Dry bulk and petroleum cargo shipper DryShips Inc., through its majority owned subsidiary, Ocean Rig UDW Inc. of offshore contract drilling oil services, announced today that entities controlled by the company’s chairman and chief executive officer, George Economou, have exercised their unconditional acceptance to acquire the company’s six Aframax tankers, Belmar, Calida, Alicante, Mareta, Saga and Daytona.   DryShips announced at the end of March 2015 that the six tankers would potentially be sold pending confirmation of the purchaser's unconditional acceptance by June 30, 2015.   As per the company’s March 30 announcement, the purchasers will acquire the tankers for an en-bloc sales price of $291 million, with a 20 percent upfront payment to DryShips.

18 Jul 2014

DryShips Receives Funds for 9 Drybulk Vessels

DryShips Inc., a global provider of marine transportation services for drybulk and petroleum cargos and offshore contract drilling oil services, announced today the receipt of a firm commitment letter from Nordea Bank for an up to $170 million senior secured credit facility to finance nine drybulk vessels. Nordea Bank will fully underwrite this facility which has a five year term and bears interest at LIBOR plus a margin. Six out of the nine financed vessels are currently mortgaged under the Company’s $325 million Senior Credit Facility which has a current loan balance of $58.1 million. The remaining three vessels are currently debt free. The availability of this facility is subject to final documentation and certain conditions precedent.

01 Aug 2011

Dryships Annual Shareholder Meeting Set for September 13, 2011

DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk and petroleum cargoes and offshore contract drilling oil services, announced that the Company’s 2011 Annual General Meeting of Shareholders will be held at the Company’s offices located at 80 Kifissias Avenue, 12125, Amaroussion, Athens, Greece on Tuesday, September 13, 2011 at 1:00 p.m., local time. The company’s board of directors has fixed the close of business on Friday, August 5, 2011 as the record date for the determination of the shareholders entitled to receive notice and to vote at the Annual Meeting.

22 Dec 2010

DryShips Closes Offering of Shares, Ocean Rig UDW

DryShips Inc. (NASDAQ:DRYS), a global provider of marine transportation services for drybulk cargoes and offshore contract drilling oil services, announced today that its wholly-owned subsidiary Ocean Rig UDW Inc., has closed its offering by way of a private placement of shares of Ocean Rig's common stock with total gross proceeds of $500m. The offering was made to professional investors and eligible counterparties in Norway, to non-United States persons in reliance on Regulation S under the Securities Act of 1933, as amended and in a concurrent private placement in the United States only to qualified institutional buyers pursuant to Rule 144A under the Securities Act.