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Prospect News home > News index > List of issuers D > Headlines for Dryships Inc. > News item
Published on 10/1/2014 in the Prospect News High Yield Daily.

DryShips expected to price $500 million three-year notes this week

By Paul A. Harris

Portland, Ore., Oct. 1 – Athens-based DryShips Inc. is expected to price $500 million of senior secured notes due in 2017 before the end of the present week, according to a market source.

Sterne Agee & Leach Inc. is the bookrunner. DNB Markets Inc. and Cowen and Co. LLC are the co-managers.

Proceeds will be used to refinance, in part, the company’s $700 million of outstanding 5% convertible senior notes.

DryShips owns drybulk carriers and tankers.


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