Diana Shipping Secures $80.2M Amended Loan Facility With Danish Ship Finance To Refinance Existing Term Loan; New 7-Year Loan Matures In April 2031 And Is Secured By Seven Vessels, Enhancing Capital Structure And Operational Flexibility
Portfolio Pulse from Benzinga Newsdesk
Diana Shipping Inc. has secured an $80.2 million amended loan facility with Danish Ship Finance to refinance an existing loan. The new 7-year loan, maturing in April 2031, is secured by seven vessels, enhancing the company's capital structure and operational flexibility.

October 21, 2024 | 1:27 pm
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Diana Shipping Inc. has secured a $80.2 million loan facility with Danish Ship Finance, maturing in 2031. This refinancing reduces the number of vessels used as collateral from nine to seven, enhancing capital structure and operational flexibility.
The refinancing of the loan with a longer maturity and fewer vessels as collateral suggests improved financial health and operational flexibility for Diana Shipping. This is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
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