Diana Shipping announces signing and Drawdown of a$75M term loan facility with BNP Paribas

|About: Diana Shipping, Inc. (DSX)|By:, SA News Editor

Diana Shipping (DSX) has signed a term loan facility with BNP Paribas for up to $75M with maturity date on July 16, 2023, resulted in the release of mortgages on 17 of the Company’s vessels.

The proceeds from the loan facility together with available cash were used to voluntarily prepay in full the balance of $130M of the existing credit facility with BNP Paribas which had maturity date on July 24, 2020.

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