DryShips Reports 3Q 2014 Results
Company has $548 million principal amount of 5% convertible notes maturing on December 1, 2014. - On October 29, 2014, the Company successfully completed the offering of 250,000,000 shares of its common stock, par value $0.01 per share, at a price of $1.40 per share. As part of the offering, Mr. George Economou, the Company’s Chairman, President and Chief Executive Officer, has purchased $80 million, or 57,142,000 shares, of common stock in the offering at the public offering price. Following this offering, Mr. George Economou has increased his ownership in DryShips to 16.9%. - On October
Ocean Rig in the Red Q3 2013 But Increase Drilling Revenues
and February 2014 respectively, due to the late delivery of third party and sub- supplier equipment. On October 29, 2013, we agreed with a major oil company to extend for 60 days the expiration of the previously announced Letter of Award for our ultra deepwater drillship Ocean Rig Skyros. George Economou, Chairman and Chief Executive Officer of the Company commented: “We are very pleased with the 98.4% average operating efficiency of our fleet in the third quarter. Although unscheduled rig downtime is an unavoidable industry fact, our consistent efforts over the past year and our ongoing
Ocean Rig Updates on Financing, Newbuildings & Contracts
Ocean Rig UDW Inc., a global provider of offshore deepwater drilling services, has announced the following: $1.35 billion Bank Facility The Company announced that it has signed a supplemental agreement to amend certain provisions in its $1.35b Senior Secured Facility dated February 28, 2013. George Economou, Chairman and Chief Executive Officer of the Company commented: “We are pleased that our syndicate of commercial banks and export credit agencies agreed to our request to amend certain provisions in their facility. These amendments will harmonize our restricted payment provisions and
February 2024
