Diana Shipping announces US$167.3 million term loan facility
Published by Oliver Kleinschmidt,
Deputy Editor
Dry Bulk,
Diana Shipping Inc. has announced the signing of a US$167.3 million six-year secured term loan facility with Nordea Bank Abp, filial i Norge on 25 July 2024.
The new loan maturing in July 2030 is secured by ten vessels. The proceeds have been utilised to refinance two of the company’s existing loan facilities with Nordea Bank Abp, filial i Norge: one for US$149.3 million and the other for US$18.0 million, originally maturing in October 2027 and June 2028, respectively. These loans were previously secured by twelve vessels. As part of this refinancing, two of the company’s mortgaged vessels have been released.
This strategic financial move underscores the company’s commitment to optimising its capital structure and enhancing operational flexibility.
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Read the article online at: https://www.drybulkmagazine.com/shipping/29072024/diana-shipping-announces-us1673-million-term-loan-facility/
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