Dryships Announces Signing Of Waiver Agreement With Deutsche Bank Led Syndicate For $1.125 Billion Of Debt
ATHENS, GREECE - June 9, 2009, 2009- DryShips Inc. (NASDAQ:DRYS) (the "Company" or "Dryships"), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced today that it has signed an agreement on waiver terms with the Deutsche Bank AG, led syndicate on the $1.125 billion facility. This facility covers drillships hull numbers 1865 and 1866 currently under construction at Samsung Heavy Industries.
George Economou, Chairman and Chief Executive Officer, commented: “We are pleased to have signed this agreement with the syndicate. We remain focused on the execution of our strategy to further strengthen our balance sheet and position the company for acquisitions”.
DryShips Inc., based in Greece, is an owner and operator of drybulk carriers that operate worldwide. As of the day of this release, DryShips owns a fleet of 41 drybulk carriers comprising 7 Capesize, 28 Panamax, 2 Supramax and 4 newbuilding Drybulk vessels with a combined deadweight tonnage of over 3.6 million tons, 2 ultra deep water semisubmersible drilling rigs and 4 ultra deep water newbuilding drillships. DryShips Inc.'s common stock is listed on the NASDAQ Global Market where trades under the symbol "DRYS." Visit our website at www.dryships.com
DryShips Inc.