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Danaos Corporation Announces Comprehensive Debt Refinancing Agreement
Danaos Corporation (the "Company" or "Danaos") (NYSE: DAC) a leading international owner of containerships, is pleased to announce that it has reached an agreement with certain of its lenders currently holding approximately $2.2 billion of debt maturing on December 31, 2018, that will significantly strengthen the Company's capital structure and result in a debt reduction of approximately $551 million.