DIANA SHIPPING INC. ANNOUNCES PRICING OF US$150 MILLION SENIOR UNSECURED BOND OFFERING

18 Jun 2024 23:59 CEST

ATHENS, GREECE, June 18, 2024 – 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 the pricing of a US$150 million
private placement of senior unsecured bonds maturing in July 2029 and callable
beginning three years after issuance. The bond offering was priced with a U.S.
dollar fixed-rate coupon of 8.75%. Interest will be payable semi-annually in
arrears in January and July of each year. The Company will apply for listing of
the bonds on the Oslo Stock Exchange. The offering is expected to close on July
2, 2024, subject to customary closing conditions.

The net proceeds from the bonds shall be used to refinance all of the Company’s
existing US$125 million senior unsecured bond due 2026 with ISIN NO0011021974
(“DIASH02”), and for general corporate purposes.

Fearnley Securities and Nordea acted as Joint Bookrunners...

More information:
Access the news on Oslo Bors NewsWeb site

621834_DSI_Press_Release_Bond_Pricing_180624_final.pdf