Danaos Corporation Reports Third Quarter and Nine Months Results for the Period Ended September 30, 2018
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Danaos Corporation (DAC) Reports Q3 EPS of $0.23, Revenues Beat
November 14, 2018 4:35 PM ESTDanaos Corporation (NYSE: DAC) reported Q3 EPS of $0.23, versus $0.27 reported last year. Revenue for the quarter came in at $117.78 million versus the consensus estimate of $107.19 million.
On August 10, 2018, we consummated the agreement with certain of our lenders to refinance approximately $2.2 billion of our debt maturing on December 31, 2018, reducing our debt by approximately $551 million, resetting financial and other covenants, modifying interest rates and amortization profiles and extending debt maturities by approximately five years to December 31, 2023. In connection with this refinancing, we issued approximately 99.3 million shares of common stock to certain of our lenders. See \"Debt... More