DryShips Inc. (NASDAQ:DRYS) offers $300 m in notes, shares down. Reported by Chartpoppers.com
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(CHARTPOPPERS.COM, November 19, 2009 ) Point Roberts, WA - Chartpoppers.com announces an investment report featuring company DryShips Inc. (NASDAQ:DRYS)
DryShips Inc. (NASDAQ:DRYS) engages in the ownership and operation of drybulk carriers that operate worldwide. The company’s fleet carries various drybulk commodities, including coal, iron ore, grains, bauxite, phosphate, fertilizers, and steel products. As of August 10, 2009, it owned a fleet of 41 drybulk carriers comprising 7 Capesize, 29 Panamax, 2 Supramax, and 3 newbuilding drybulk vessels with a combined deadweight tonnage of approximately 3.6 million tons, as well as 2 ultra deep water semisubmersible drilling rigs and 4 ultra deep water newbuilding drillships. The company was founded in 2004 and is based in Athens, Greece.
Recent News on DryShips Inc. (NASDAQ:DRYS)
Greek drybulk shipping and contract drilling company DryShips Inc (DRYS.O) said it is offering $300 million in notes to acquire vessels and increase working capital, sending its shares down 5 percent after market.
The company said the underwriter will also have an over-allotment option of $45 million in notes.
Deutsche Bank Securities is the sole book-running manager for the offering.
The drybulk carrier said it also intends to enter into a share lending agreement with Deutsche Bank AG, under which it will loan to Deutsche Bank AG shares of its common stock having a market value of about $150 million.
Separately, the company said it signed an agreement with Deutsche Schiffsbank on waiver terms for two facilities with an aggregate of $117.5 million of its outstanding debt. Earlier this month, DryShips reached an agreement with Commerzbank and West LB on waiver terms for $70 million of outstanding debt.
Shares of DryShips fell 35 cents to $6.70 in after-market trade. They closed at $7.05 Tuesday on Nasdaq.
To view the Consolidated Investment Analysis on DryShips Inc. (NASDAQ:DRYS) Please visit the stock pulse page at www.chartpoppers.com
In the report chartpoppers.com covers a recent Financial Summary, Analyst Consensus, Technical Analysis, Comparative Analysis and Insider Trading Activity.
The full report is available at www.chartpoppers.com
Chartpoppers.com is a market research and investment commentary provider. Chartpoppers.com aims to bring undervalued, up and coming companies into the sight of both experienced and non-experienced investors. We try to help investors, at whatever stage in their careers, to get a grasp on the necessary financial data that they need in order to make a educated investment decision. From our daily trading ideas to a in depth coverage of what’s going on in the markets, we are sure that chartpoppers.com is exactly what you need in order succeed.
For More information please visit us at www.chartpoppers.com
Chartpoppers.com Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. ChartPoppers.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
DryShips Inc. (NASDAQ:DRYS) engages in the ownership and operation of drybulk carriers that operate worldwide. The company’s fleet carries various drybulk commodities, including coal, iron ore, grains, bauxite, phosphate, fertilizers, and steel products. As of August 10, 2009, it owned a fleet of 41 drybulk carriers comprising 7 Capesize, 29 Panamax, 2 Supramax, and 3 newbuilding drybulk vessels with a combined deadweight tonnage of approximately 3.6 million tons, as well as 2 ultra deep water semisubmersible drilling rigs and 4 ultra deep water newbuilding drillships. The company was founded in 2004 and is based in Athens, Greece.
Recent News on DryShips Inc. (NASDAQ:DRYS)
Greek drybulk shipping and contract drilling company DryShips Inc (DRYS.O) said it is offering $300 million in notes to acquire vessels and increase working capital, sending its shares down 5 percent after market.
The company said the underwriter will also have an over-allotment option of $45 million in notes.
Deutsche Bank Securities is the sole book-running manager for the offering.
The drybulk carrier said it also intends to enter into a share lending agreement with Deutsche Bank AG, under which it will loan to Deutsche Bank AG shares of its common stock having a market value of about $150 million.
Separately, the company said it signed an agreement with Deutsche Schiffsbank on waiver terms for two facilities with an aggregate of $117.5 million of its outstanding debt. Earlier this month, DryShips reached an agreement with Commerzbank and West LB on waiver terms for $70 million of outstanding debt.
Shares of DryShips fell 35 cents to $6.70 in after-market trade. They closed at $7.05 Tuesday on Nasdaq.
To view the Consolidated Investment Analysis on DryShips Inc. (NASDAQ:DRYS) Please visit the stock pulse page at www.chartpoppers.com
In the report chartpoppers.com covers a recent Financial Summary, Analyst Consensus, Technical Analysis, Comparative Analysis and Insider Trading Activity.
The full report is available at www.chartpoppers.com
Chartpoppers.com is a market research and investment commentary provider. Chartpoppers.com aims to bring undervalued, up and coming companies into the sight of both experienced and non-experienced investors. We try to help investors, at whatever stage in their careers, to get a grasp on the necessary financial data that they need in order to make a educated investment decision. From our daily trading ideas to a in depth coverage of what’s going on in the markets, we are sure that chartpoppers.com is exactly what you need in order succeed.
For More information please visit us at www.chartpoppers.com
Chartpoppers.com Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. ChartPoppers.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
Contact Information:
CHARTPOPPERS
Paul Marek
Tel: 6047245332
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
CHARTPOPPERS
Paul Marek
Tel: 6047245332
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
