DIANA SHIPPING INC. ANNOUNCES FIXED INCOME INVESTOR CALLS

11 Jun 2024 07:46 CEST

ATHENS, GREECE, June 11, 2024 – Diana Shipping Inc. (NYSE:DSX), (the “Company”),
a global shipping company specializing in the ownership and bareboat charter-in
of dry bulk vessels, has mandated Fearnley Securities AS and Nordea Bank Abp,
filial i Norge to arrange a series of fixed income investor calls. Subject to,
inter alia, market conditions, a USD denominated senior unsecured bond issue
with a five-year tenor may follow.

The proceeds from the potential bond issue will be used to prepay in full the
Company’s existing USD125 million senior unsecured bonds with maturity in June
2026 (DIASH02 - ISIN NO0011021974), and the balance will be used for general
corporate purposes. Subject to the successful placement of the new contemplated
bond issue, the Company intends to call the existing bond (DIASH02).

The senior unsecured bonds, if issued, will be offered in the United States or
its territories only to persons reasonably believed to be qualified
institutional buyers in reliance on Rule 144A under the Securities Act of 1933,
as amended (the “Securities Act”) and outside of the United States pursuant to
Regulation S of the Securities Act. The bonds, if issued, will not be registered
under the Securities Act or any state securities laws and may not be offered or
sold in the United States absent registration or an applicable exemption from
registration under the Securities Act. This press release shall not constitute
an offer to sell or the solicitation of an offer to buy any securities of Diana
Shipping Inc., nor shall it constitute an offer, solicitation or sale in any
jurisdiction in which such offer, solicitation or sale is unlawful.

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