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BRIEF-Dryships reports agreement with one of its lenders
November 21, 2016 / 1:57 PM / a year ago

BRIEF-Dryships reports agreement with one of its lenders

Nov 21 (Reuters) - Dryships Inc

* Dryships Inc. announces agreement with one of its lenders

* Under terms of agreement, lending bank has agreed to write-off of approximately 50 pct of outstanding principal and interest due

* Dryships - company has repaid approximately $8.2 million of principal amount

* Dryships - will have to pay an additional amount of $2.0 million over next 9 months against a full and final settlement of all of obligations Source text for Eikon: Further company coverage:

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