DryShips ready to start rebuilding process

Time: 2016-12-29 13:42
George Economou-led company eyes investments as it plans to sell common shares to Kalani.

DryShips has made another restructuring move as it plans to raise as much as $200m through a common stock purchase agreement with Kalani Investments.

The George Economou-led company has sealed a deal that will see Kalani acquire DryShips common shares over a period of 24 months.
This is the second time that British Virgin Islands-registered Kalani shows its intention to buy DryShips’ stock.

It entered into a private direct sale of $20m in newly issued preferred shares in mid-November.

DryShips said in today’s announcement that Kalani is not affiliated with the company.

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