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BRIEF-Dryships enters into common stock purchase agreement with Kalani Investments
April 3, 2017 / 1:36 PM / 5 months ago

BRIEF-Dryships enters into common stock purchase agreement with Kalani Investments

April 3 (Reuters) - Dryships Inc

* Enters into $226.4 million common stock purchase agreement with Kalani Investments limited and announces the acquisition of six vessels

* Says has entered into agreements to acquire six vessels for a total gross price of $268 million

* Under agreement Co may sell up to $226.4 million of its common stock to kalani over a period of 24 months

* In consideration for entering into agreement, company has agreed to issue up to $1.5 million of common stock to Kalani as a commitment fee

* Expects acquisitions will be financed by cash on hand, available liquidity under senior secured credit facility with Sifnos Shareholders Source text for Eikon: Further company coverage:

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