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News Breaks
January 4, 2011
05:38 EDTDRYSDryShips signs two drilling contracts for Ocean Rig Corcovado, Leiv Eiriksson
DryShips announced that its subsidiary Ocean Rig UDW Inc. has entered into firm contracts with Cairn Energy PLC for the "Leiv Eiriksson" and the "Ocean Rig Corcovado" for a period of approximately 6 months each. The total contract value including mobilization for the "Leiv Eiriksson" is approximately $95M. The mobilization period will start in direct continuation from the agreed release date from Petrobras. The total contract value including mobilization and winterization of the "Ocean Rig Corcovado" is approximately $142M. Following the signing of these contracts the company is only left with one open drillship, the Ocean Rig Mykonos, that delivers in Q4 of 2011.
News For DRYS From The Last 14 Days
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March 30, 2015
16:05 EDTDRYSDryShips announces agreements to sell tanker fleet
DryShips announced that it has entered into firm sales agreements with entities controlled by the company's Chairman and CEO, George Economou, to sell its four Suezmax tankers, Vilamoura, Lipari, Petalidi and Bordeira, for an en-bloc sales price of $245M. In addition, it has entered into agreements with entities controlled by Economou to potentially sell its six Aframax tankers, Belmar, Calida, Alicante, Mareta, Saga and Daytona. The agreements to sell the Aframax fleet are not effective until the purchaser confirms his unconditional acceptance latest by June 30. Under the terms of the firm sales agreements on the four Suezmax tankers, the purchasers will pay upfront 20% to DryShips and the balance purchase price will be due on delivery which will be between July 1 and October 31 at the company's option. Under the terms of the agreements on the six Aframax tankers, the purchasers could potentially acquire these tankers for an en-bloc sales price of $291M, as long as they confirm their unconditional acceptance by June 30. Other than the sales price, all other material terms and conditions of this potential transaction mirror the terms and conditions on the sale of the four Suezmax tankers, including a 20% upfront payment to DryShips.
March 17, 2015
17:05 EDTDRYSDryShips files to sell 180M shares of common stock for holders
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17:04 EDTDRYSDryShips files $1B mixed securities shelf

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