Diversified Greek operator DryShips on Thursday clinched a $170m senior secured credit facility that will be used to finance nine bulkers.
“Nordea Bank will fully underwrite this facility, which has a five-year term and bears interest at LIBOR plus a margin,” it told investors in a statement issued after the close.
The operator said six of the bulkers to which it refers are mortgaged under an existiing $325m facility with a balance of $58.1m
