DryShips announces successful completion of the $200M common stock offering

|About: DryShips Inc. (DRYS)|By:, SA News Editor

DryShips (DRYS -19.8%) successfully completed the previously announced $200M common stock offering, in which the Company raised net proceeds of $198M.

The Company has ~152,055,576 common shares outstanding after the completion of the offering.

Mr. George Economou, Chairman and CEO commented:"We are very pleased to have successfully raised an additional $198M of equity, which will increase our total available liquidity to about $455M. We continue to look at opportunities to diversify and grow our fleet with high quality tonnage and significant operating leverage."

Press Release