The Greek owner said it has a “firm commitment letter” for the secured bridging loan from lead arranger ABN AMRO.
This will partially refinance a 5% convertible debt issue due on 1 December.
The loan will be backed by Ocean Rig shares owned by DryShips.
It will mature in 12 months, but the lenders can extend for another year.
CEO George Economou said: “We are delighted to receive a firm commitment from ABN AMRO, which is a testament of the company’s strong and long lasting relationship with the bank and a clear sign of the support DryShips is enjoying from the banking industry.”
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