Last $2.98 USD
Change Today -0.02 / -0.67%
Volume 6.3M
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As of 4:30 PM 07/29/14 All times are local (Market data is delayed by at least 15 minutes).

dryships inc (DRYS) Key Developments

DryShips Inc. Announces Receipt of an Up to $170 Million Senior Secured Credit Facility

DryShips Inc. announced the receipt of a firm commitment letter from Nordea Bank for an up to $170 million senior secured credit facility to finance nine drybulk vessels. Nordea Bank will fully underwrite this facility which has a five year term and bears interest at LIBOR plus a margin. Six out of the nine financed vessels are currently mortgaged under the company's $325 million Senior Credit Facility which has a current loan balance of $58.1 million. The remaining three vessels are currently debt free.

DryShips, Inc. Presents at 4th Posidonia Analyst & Investor Day, Jun-02-2014 10:25 AM

DryShips, Inc. Presents at 4th Posidonia Analyst & Investor Day, Jun-02-2014 10:25 AM. Venue: Athens, Greece. Speakers: George Economou, Chairman, Chief Executive Officer and President.

DryShips, Inc. Reports Unaudited Consolidated Earnings and Operating Results for the First Quarter Ended March 31, 2014

DryShips, Inc. reported unaudited consolidated earnings and operating results for the first quarter ended March 31, 2014. The company recorded a net loss of $34.6 million, or $0.08 basic and diluted loss per share, for the three-month period ended March 31, 2014 as compared to a net loss of $116.6 million, or $0.30 basic and diluted loss per share, for the three-month period ended March 31, 2013. Adjusted EBITDA was $201.2 million for the first quarter of 2014, as compared to $112.0 million for the same period in 2013. The company reported revenue of $457,486,000 against $319,713,000 a year ago. Operating income was $90,793,000 against operating loss of $44,885,000 a year ago. The company generated cash from operations of approximately $35 million. The Time Charter Equivalent, or TCE, rate for drybulk fleet was $13,564 per day per vessel in the three month period ended March 31, 2014, as compared to $11,396 per day per vessel in the corresponding period of 2013. The Time Charter Equivalent, or TCE, rate for tanker fleet was $24,781 per day per vessel in the three month period ended March 31, 2014 which is a significant improvement compared to the $12,792 per day per vessel TCE rate in the corresponding period of 2013.

DryShips, Inc. to Report Q1, 2014 Results on May 22, 2014

DryShips, Inc. announced that they will report Q1, 2014 results After-Market on May 22, 2014

DryShips, Inc., Q1 2014 Earnings Call, May 23, 2014

DryShips, Inc., Q1 2014 Earnings Call, May 23, 2014

 

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