DryShips gets commitments for credit facilities totaling $125 million

By Wendy Van Sickle

Columbus, Ohio, Dec. 28 – DryShips Inc. has received two firm commitments for senior secured credit facilities of up to a total of $125 million, according to a company news release.

The credit facilities will have five- and six-year terms and will bear interest at Libor plus a margin.

The facilities will be secured by DryShips’ four tanker vessel and two Kasmarmax and one Panamax drybulk vessels.

DryShips is an Athens-based owner of ocean-going cargo vessels.

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