DryShips to prepay outstanding bridge loan amounts with tanker sale

By Tali Rackner

Norfolk, Va., March 31 – DryShips Inc. said it could prepay any remaining outstanding amount under its ABN Amro bridge loan with the proceeds from the sale of its four Suezmax tankers, according to a press release.

Proceeds will also be used for other general corporate purposes, CFO Ziad Nakhleh said in the release.

DryShips is an Athens-based owner of drybulk carriers and tankers.

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