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DryShips inks agreement

DryShips inks agreement
Drybulk shipping and contract drilling company DryShips Inc said it signed an agreement with Commerzbank and West LB on waiver terms for $70 million of outstanding debt.

Drybulk shipping and contract drilling company DryShips Inc said it signed an agreement with Commerzbank and West LB on waiver terms for $70 million of outstanding debt.

Drybulk shipping and contract drilling company DryShips Inc said it signed an agreement with Commerzbank and West LB on waiver terms for $70 million of outstanding debt.

"We are now left with two facilities with aggregate outstanding debt of $117.5 million, where waiver agreements are close to finalization," Chief Executive George Economou said in a statement.

In October, the company reached an agreement with lenders Nord LB and West LB on waiver terms for $183 million of debt.

Shares of the company were up 1 percent at $6.17 in morning trade on Nasdaq.

www.TurkishMaritime.com.tr

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