Danaos Corporation Announces Closing of Comprehensive Debt Refinancing
(WorldNews Greece)

ATHENS, Greece, Aug. 13, 2018 /PRNewswire/ -- Danaos Corporation (the `Company` or `Danaos`) (NYSE: DAC), a leading international owner of containerships, is pleased to announce the consummation of its previously announced debt refinancing , significantly strengthening the Company`s capital structure and reducing its outstanding debt by approximately $551 million. The debt refinancing strengthens the Company`s financial position through the significant debt reduction, reset financial and certain other credit facility covenants, modified interest rates and amortization profiles and the extension of existing debt maturities by approximately five years to December 31, 2023. Danaos` CEO Dr. John...