Diana Shipping Signs $167.3M Six-Year Secured Term Loan Facility With Nordea Bank, Draws Full Amount Immediately
Portfolio Pulse from Benzinga Newsdesk
Diana Shipping has signed a $167.3 million six-year secured term loan facility with Nordea Bank and has drawn the full amount immediately.
July 26, 2024 | 1:26 pm
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Diana Shipping has secured a $167.3 million six-year term loan from Nordea Bank, which it has drawn in full immediately. This influx of capital could be used for fleet expansion, debt repayment, or other strategic initiatives.
The secured term loan provides Diana Shipping with significant capital, which can be used for various strategic purposes such as fleet expansion or debt repayment. This financial move is likely to be viewed positively by investors, potentially driving the stock price up in the short term.
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