DRYSHIPS
Agreement for a covenant waiver on a loan of USD 800m

FEB, 09.2009
 

 

DryShips, listed in Nasdaq (George Economou – Chairman & Chief Executive Officer), a global provider of marine transportation services for drybulk cargoes, announced that it has reached preliminary agreement with Nordea Bank Finland Plc to obtain a covenant waiver in connection with the USD 800m primelead facility, which was used to partially finance the acquisition of Ocean Rig ASA. As of today, the outstanding loan amount under the facility is USD 650m.