Diana Shipping Agrees New USD 75 Mn Loan

MoneyIllustration. Image Courtesy: Pixabay under CC0 Creative Commons license

Athens-based dry bulk owner Diana Shipping has signed a term loan facility with French banking group BNP Paribas for up to USD 75 million.

On July 16, the company completed a drawdown of USD 75 million, secured by the vessels m/v Alcmene, m/v Seattle, m/v Electra, m/v Phaidra, m/v Astarte, m/v G. P. Zafirakis and m/v P. S. Palios.

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

Diana Shipping said that the new loan facility, which has a maturity date of July 16, 2023, has resulted in the release of mortgages on 17 of the company’s vessels.

The company’s fleet currently consists of 50 dry bulk vessels, including 4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 22 Panamax vessels.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Mar 2019 >>
MTWTFSS
25 26 27 28 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

LNG2019

LNG2019 features the largest number and highest level of LNG industry leaders.

read more >

Singapore Maritime Week (SMW) 2019

very year, SMW gathers the international maritime community for a week of flagship conferences…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >