Ocean Rig UDW Inc.
ORIG today announced the upsizing of
the previously announced public offering of Ocean Rig common shares
by DryShips Inc. DRYS to 7,500,000 common shares and that
the offering has priced with gross proceeds of approximately $126.4
million. All net proceeds from the sale of the common shares will be
received by DryShips as the selling shareholder. Following the
completion of the offering, DryShips is expected to own approximately
59.4% of the Company's outstanding shares. The offering is expected
to close on February 14, 2013.
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