DryShips Stock Rises After Paying Off its Commercial Loan Facility

Deep-sea freighter DryShips  (DRYS)   shares were up 3.76% to $1.28 per share after announcing that it repaid the remaining balance of its commercial loan facility totaling about $15.2 million, including overdue interest. 

"Having all of our assets debt free, no mandatory loan payments over the next four years and available liquidity of $384 million, we strongly believe that our efforts to access bank debt financing for the first time since November 2014 will be successful and will allow us to further grow the size our fleet," CEO George Economou said. 

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