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DryShips taps loans to close funding gap after bond fiasco

Wednesday, October 15, 2014 - 05:50

New York

DRYSHIPS Inc, the drybulk carrier that faces a potential funding shortfall as US$700 million of debt comes due in less than two months, is seeking a bank loan after a bond sale fell through over the weekend.

The shipper would use the loan in addition to sources that