DryShips Announces It Has Signed Waiver Agreement With DnB Nor For $86 Million of Debt
ATHENS, GREECE - June 18, 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 with DnB NOR on waiver terms for $86 million of our outstanding debt.
George Economou, Chairman and Chief Executive Officer, commented: “We are pleased
to have signed the agreement with DnB NOR for this facility which covers two of our
drybulk vessels. We continue to deliver on the covenant waivers and assess acquisition
opportunities to further grow the company”.
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.