Diana takes out USD 100 million loan to refinance debt maturing by May 2024

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Diana Shipping announced that on April 12, 2023, it signed a term loan facility with Danish Ship Finance A/S for up to US$100 million with maturity date in April 2028.

Yesterday, it concluded the drawdown of US$100 million, secured by nine vessels. The proceeds from the loan facility refinanced other loan facilities with an aggregate outstanding amount of approximately US$87 million, namely two existing loan facilities with BNP Paribas of approximately US$75.2 million (maturity dates in July 2023 and in May 2024) and another loan facility with DNB Bank ASA of approximately US$11.8 million (maturity date in March 2024) related to the same nine 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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