DryShips Inc. Announces Public Offering of its Ocean Rig Shares
February 11, 2013, Athens, Greece.
DryShips Inc. (NASDAQ: DRYS), or the Company,
an international provider of marine transportation services for drybulk and petroleum
cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc., or Ocean Rig,
of offshore deepwater drilling services, today announced it is offering 5,000,000 common
shares of Ocean Rig that it owns in an underwritten public offering pursuant to Ocean
Rig’s effective shelf registration statement on Form F-3ASR filed with the Securities and
Exchange Commission. Following the completion of the offering, DryShips is expected
to own approximately 61.3% of Ocean Rig’s outstanding shares.
Deutsche Bank Securities and Credit Suisse are acting as joint book-running managers
for the offering.
This press release does not constitute an offer to sell or the solicitation of an offer to buy
securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which
such offer, solicitation or sale is unlawful. The offering is being made by means of a
prospectus and related prospectus supplement. A prospectus supplement related to the
offering will be filed with the Securities and Exchange Commission. When available,
copies of the prospectus and prospectus supplement relating to the offering may be
obtained from Deutsche Bank Securities Inc., Attention: Prospectus Department, 60 Wall
Street, New York, New York 10005 (or at 1-800-503-4611) or Credit Suisse Securities
(USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY
10010 (or at 1-800-221-1037).
About DryShips Inc.
DryShips owns a fleet of 46 drybulk carriers (including newbuildings), comprising 12 Capesize, 28 Panamax, 2 Supramax and 4 newbuilding Very Large Ore Carriers (VLOC) with a combined deadweight tonnage of approximately 5.1 million tons, and 10 tankers (including newbuildings), comprising 4 Suezmax and 6 Aframax, with a combined deadweight tonnage of over 1.3 million tons.
DryShips’ common stock is listed on the NASDAQ Global Select Market where it trades under the symbol “DRYS.”
DryShips Inc. press release