Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 42

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 3
Chunk 42
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 that

the vessels in

our fleet

have a

minimum

value and that the

vessels in our

fleet that secure

our obligations under

the facilities are

sufficient to satisfy

minimum security requirements.

To the extent that we are not able

to satisfy these requirements,

including

as a result of a decline

in the value of our

vessels, we may not be

able to draw down

the full amount under

the facilities.

We will also

not be permitted

to borrow

amounts under

the facilities

if we experience

a change

of control.

The loan facilities

also impose operating

and financial restrictions

on us. These

restrictions may limit

our

ability to, among other things:

●

pay dividends

if there

is a

default under

the loan

facilities or

if the payment

of the

dividend would

result in a default or breach of a loan covenants;

●

incur additional indebtedness, including through the issuance of guarantees;

●

change the flag, class or management of our vessels;

●

create liens on our assets;

●

sell our vessels;

●

enter into a

time charter

or consecutive

voyage charters

that have a

term that

exceeds, or

which

by virtue of any optional extensions may exceed a certain period;

28

●

merge or consolidate with, or transfer all or substantially all

our assets to, another person; and

●

enter into a new line of business.

Therefore, we

may need

to seek

permission from

our lenders

in order

to engage

in some

corporate actions.

Our lenders’ interests

may be different

from ours and

we cannot guarantee that

we will be

able to obtain

our

lenders'

permission when

needed.

This

may

limit

our

ability to

finance

our

future

operations, make

acquisitions or pursue business opportunities.

We

cannot

assure

you

that

we

will

be

able

to

refinance

indebtedness

incurred

under

our

loan

facilities and bond.

We cannot assure

you that we

will be able

to refinance our

indebtedness with

equity offerings or

otherwise,

on

terms that

are

acceptable to

us or

at

all. If

we

are