DSX - Diana Shipping enters new term loan transactions to refinance existing facilities
2023-06-29 10:21:17 ET
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Diana Shipping ( NYSE: DSX ) said Thursday it signed and concluded the drawdown of a term loan facility for up to $100 million, which was secured by ten vessels.
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The proceeds from the loan facility refinanced other loan facilities with an outstanding amount of about US$68.7 million.
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The remaining proceeds may be used to pay transaction costs and expenses incurred in connection with the loan agreement and/or for general corporate purposes, the company said.
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The company also signed and concluded the drawdown of a term loan facility for up to $22.5 million, which was secured by four vessels.
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The proceeds from the loan facility refinanced the existing loan facility with an outstanding amount of about US$20.9 million.
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Diana Shipping enters new term loan transactions to refinance existing facilities