Diana shipping inc. announces signing and drawdown of a us$100 million term loan facility with dnb bank asa and a us$22.5 million term loan facility with nordea bank to refinance existing loan facilities
Athens, greece, june 29, 2023 (globe newswire) -- diana shipping inc. (nyse: dsx), (the “company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that on june 26, 2023, it signed a term loan facility with dnb bank asa for up to us$100 million with maturity date up to december 2029, subject to mutually agreed margin reset at the end of the fourth year. yesterday, it concluded the drawdown of us$100 million, secured by ten vessels. the proceeds from the loan facility refinanced other loan facilities with an aggregate outstanding amount of approximately us$68.7 million, namely two existing loan facilities with abn amro bank n.v. of approximately us$31.4 million and of approximately us$37.3 million (maturity dates in june 2024 and in may 2026) related to the same ten vessels. the remaining proceeds may be used to pay transaction costs and expenses incurred in connection with the loan agreement and/or general corporate purposes.
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