DIANA SHIPPING INC. ANNOUNCES SUCCESSFUL US$25 MILLION TAP ISSUE

04 Nov 2024 22:33 CET

ATHENS, GREECE, November 4, 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 today successfully completed a US$25 million
tap issue under its outstanding senior unsecured bond issue due July 2, 2029
with ISIN NO0013265835 (the "Bonds"). Total outstanding amount under the Bonds
following the tap issue is US$175 million. The tap issue was initiated by a
reverse inquiry and was priced at 102.00% of par value. Net proceeds from the
tap issue will be used for general corporate purposes in accordance with the
Bonds’ terms.

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631202_DSX_Press_Release_Bond_041124.pdf