DryShips amendment approved, permitting full term loan drawdown

By Sara Rosenberg

New York, June 21 - DryShips Inc. has received lender approval to amend its $495 million secured term loan, allowing for full drawdowns to finance the remaining costs of the Ocean Rig Mykonos, according to a news release.

In addition, the amendment provides that cash collateral deposited for this drillship will be released.

The amendment is subject to completion of definitive documentation.

DryShips is a Greece-based owner of drybulk carriers and tankers.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.