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Net-Man

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Net-Man

Re: Emptyhead post# 52303

Thursday, 09/07/2017 10:25:59 AM

Thursday, September 07, 2017 10:25:59 AM

Post# of 58072
EH - I don't think you are looking at this quite right. DRYS has roughly 25% debt today. GE is planning on raising more debt through commercial financing. When it gets to 50/50 the ratio will be closer to long-term norms for the shipping industry. Assuming $100 million is paid out of the revolver in a few weeks, DRYS will sit at around $137 million total debt. That will allow another $250 - $350 million or so of additional financing to be done. That's a lot of ships to buy yet.
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