The Greek bulker owner said the debt will mature in 2017 and will partly refinance the 5% bonds due on 1 December.
The new notes will be secured by Ocean Rig shares owned by DryShips, plus “certain additional or replacement collateral.”
Sterne, Agee & Leach will act as sole book-running manager, with DNB Markets and Cowen and Company as co-managers.
TradeWinds reported in July that the owner was closing in on a deal to complete its bond refinancing.
The
