2023-04-20 11:00:52 ET
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Dry-bulk transporter Diana Shipping ( NYSE: DSX ) said Thursday it has concluded drawdown of US$100 million from a term loan facility which was signed with Danish Ship Finance A/S last week.
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The proceeds from the loan facility will be mainly used to refinance other outstanding facilities of about US$87 million, which are secured by nine of the company's vessels.
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The term loan will mature in April 2028, the company said.
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The drawdown was also secured by the same nine vessels of the company.
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Diana said the remaining proceeds may be used to pay transaction costs and expenses incurred in connection with the loan agreement and also for general corporate purposes, if needed.
For further details see:
Diana completes drawdown of US$100M loan to refinance existing facilities