Business News • MarketWire • DryShips Inc. Announces Pricing of $220 Million Convertible Senior Notes Offering |
DryShips Inc. Announces Pricing of $220 Million Convertible Senior Notes Offering |
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DryShips Inc. Announces Pricing of $220 Million Convertible Senior Notes Offering
ATHENS, GREECE--(Marketwire - April 21, 2010) - DryShips Inc. (NASDAQ: DRYS) (the "Company" or "Dryships"), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, today announced the pricing of its previously announced public offering of convertible senior notes. The offering size was increased from $150 million to $220 million. As previously announced, the convertible notes are being offered as additional notes under an indenture, as supplemented by a supplemental indenture, pursuant to which the Company issued $460,000,000 aggregate principal amount of convertible senior notes on November 25, 2009. The convertible notes currently offered and those previously issued are being treated as a single series of debt securities under the indenture. The sale of the convertible notes is expected to close on April 27, 2010, subject to customary closing conditio
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