Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 303

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 303
---

3,718
-
3,718
- Depreciation for the year
-
(825)
(825)
Balance, December 31, 2024
$
34,660
$
(7,485)
$
27,175

8.

Long-term debt
The

amount of

long-term debt

shown in

the

accompanying consolidated

balance sheets

is

analyzed as
follows:

2024
2023
Senior unsecured bond
175,000
119,100
Secured long-term debt
347,590
397,857
Total long-term

debt
$
522,590
$
516,957
Less: Deferred financing costs
(7,973)
(6,314)
Long-term debt, net of deferred financing costs
$
514,617
$
510,643
Less: Current long-term debt, net of deferred financing

costs,
current
(45,230)
(49,512)
Long-term debt, excluding current maturities
$
469,387
$
461,131

DIANA SHIPPING INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

December 31, 2024

(Expressed in thousands of U. S. Dollars - except share, per share

data, unless otherwise stated)

F-26

8.375% Senior Unsecured Bond
:
On
June 22, 2021, the

Company issued a

$
125,000
senior unsecured bond

maturing in

June 2026. The
bond ranks ahead of subordinated capital and ranks the

same with all other senior unsecured obligations
of

the

Company

other

than

obligations

which

are

mandatorily

preferred

by

law.

Entities

affiliated

with
executive officers

and directors of

the Company purchased

an aggregate of

$
21,000
principal amount of
the bond. On June 29, 2023, the Company repurchased $
5,900
nominal value of the bond for $
5,851
and
recognized an

amount of

$
159
as loss

on debt

extinguishment, representing the

difference between

the
reacquisition price

of $
5,851
and the

net carrying

amount of

the debt

being extinguished

of $
5,900
less
deferred financing

fees of

$
208. In