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Agreement made on $116m debt

Agreement made on $116m debt
DryShips reached an agreement with Nord LB on waiver terms for $116 million of our outstanding debt.

DryShips reached an agreement with Nord LB on waiver terms for $116 million of our outstanding debt.

DryShips Inc., a global provider of marine transportation services for drybulk cargoes and offshore oil ultra deep water drilling, announced yesterday 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."

www.TurkishMaritime.com.tr

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