DryShips Completes Common Stock Offering
DryShips Inc. has successfully completed the
previously announced $200 million common stock offering, in which
the Company raised net proceeds of $198 million, pursuant to the
prospectus supplement filed on February 17, 2017.
Following the completion of the offering, the Company has
approximately 152,055,576 common shares outstanding.
George Economou, Chairman and CEO commented: "We are very pleased
to have successfully raised an additional $198 million of equity,
which will increase our total available liquidity to about $455
million. We continue to look at opportunities to diversify and
grow our fleet with high quality tonnage and significant
The Company is a diversified owner of ocean going cargo vessels
that operate worldwide. The Company owns a fleet of (i) 13
Panamax drybulk carriers, which have a combined deadweight
tonnage of approximately 1.0 million dwt, (ii) one Very Large
Crude Carrier and one Aframax tanker newbuilding, each of which
are expected to be delivered in the second quarter of 2017, (iii)
2 Very Large Gas Carrier newbuildings which are expected to be
delivered in the second and third quarter of 2017, respectively,
and (iv) six offshore support vessels, comprising two platform
supply and four oil spill recovery vessels.
Mar 17, 2017