DryShips Announces it Has Signed Agreements with Nord LB and West LB on Waiver Terms for a Total of $183 Million of Debt
ATHENS, GREECE - October 13, 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 agreements with Nord LB and West LB on waiver terms for $116 million and $67
million respectively of our outstanding debt.
George Economou, Chairman and Chief Executive Officer, commented: “I am pleased to
report another set of waivers from our banks who remain extremely supportive of
DryShips. We are now left with $187.5 million of outstanding debt, where constructive
discussions with the banks continue for waivers and we expect to have those concluded
shortly.”
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.