DryShips Announces it has Reached an Agreement with Nord LB on Waiver Terms for $116 Million of Debt
Athens, Greece – October 1st, 2009 - DryShips Inc. (NASDAQ:DRYS) (the
"Company" or "Dryships"), a global provider of marine transportation services for
drybulk cargoes and offshore oil ultra deep water drilling, announced today that it has
reached an agreement with Nord LB on waiver terms for $116 million of our outstanding
debt. This agreement is subject to customary documentation.
George Economou, Chairman and Chief Executive Officer, commented: “We are pleased
to have reached an agreement with Nord LB. We continue to have constructive
discussions for waivers with the last couple of banks who are all very supportive of the
company”.
DryShips Inc., based in Greece, is an owner and operator of drybulk carriers and offshore oil deep water drilling that operate worldwide. As of the day of this release, DryShips owns a fleet of 41 drybulk carriers comprising 7 Capesize, 30 Panamax, 2 Supramax and 2 newbuilding Drybulk vessels with a combined deadweight tonnage of over 3.7 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".
DryShips Inc.