Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 76

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 4
Chunk 76
---
2024.

On August

30, 2024,

we paid

a cash

dividend of

$0.075 per

share, or

$9.4 million,

to shareholders

of record

as of August 15, 2024.

On December

18, 2024,

we paid

a cash

dividend of

$0.01 per

share, or

$1.3 million,

to shareholders

of

record as of December 11, 2024.

On February 25, 2025, we declared a cash dividend of $0.01 per

share, or $1.1 million, payable on March

21, 2025 to shareholders of record as of March 12, 2025.

Loans

In

July

2024,

we

completed

the

pricing

of

a

$150

million

private

placement

of

senior

unsecured

bonds

maturing in July

2029 and callable

beginning three years

after issuance. The

bond offering was priced

with

a U. S. dollar fixed-rate coupon of

8.75%. Interest is payable semi-annually in arrears in

July and January

of each year.

In November 2024, we completed a $25

million tap issue under our senior

unsecured bond

issue priced at 102.00% of par value. The bond is trading on the Oslo Børs.

On July

25, 2024,

we refinanced

the outstanding

balance of

two loan

facilities with

Nordea Bank

amounting

to $167.3 million and

originally maturing in

October 2027 and June

2028 with a facility

of the same amount

and maturity extended to July 2030.

44

On October 18,

2024, we refinanced the

outstanding balance of a

loan facility with Danish

Ship Finance,

amounting to

$80.2 million,

originally maturing

in April

2028, with a

facility of

the same amount

and maturity

extended to April 2031.

Warrant Distribution

On December 14, 2023,

we issued warrants to

purchase common shares (the “ Warrants”)

to the holders

of record of Common Stock

as of the close

of business on December 6, 2023

(the “ Record Date”)