George Economou’s DryShips deepened its ties with Kalani Investments today as the owner confirmed another wave of purchases.
Kalani, which bought into DryShips as part of a recapitalisation in 2016, is ready to spend $226.4m more on shares in the shipowner.
It has two years to buy up the stock, in an agreement that seems similar to the at-the-market offerings of which DryShips was once a regular exponent.
DryShips
