Dry“Rigs” Credit

Despite lingering clouds in the credit markets, Mr. Economou’s DryShips announced on Monday the closing of a $1.125 Billion senior secured credit facility jointly arranged by Deutsche Bank AG – Global Principal Finance, London and Dexia Credit Local, New York Branch for the financing of the two ultra-deep water drillships to be constructed at Samsung Heavy Industries.  Based upon an estimated construction cost of $800 million each, the loan to

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