Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 308

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 308
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ish Ship

Finance A/S

or Danish:
On April

12,

2023, the

Company signed

a term

loan facility

with
Danish, for

$
100,000
to refinance

the outstanding

balance of

loans with

other banks

and for

working

capital.
On

April

18

and

19,

2023,

the

Company

drew

down

$
100,000
which

was

repayable

in

equal

quarterly
instalments of $
3,301
each and a balloon of $
33,972
payable together with the last instalment on

April 19,
2028. On

October 18,

2024, the

Company refinanced

the outstanding

balance of

this loan

with a

loan which
is repayable in equal quarterly instalments of $
2,533
each and a balloon of $
14,323
payable together with
the last instalment on
April 18, 2031.
As of December 31, 2024 and 2023, the Company was in compliance

with all of its loan covenants.

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-28

As of December 31, 2024, the maturities of

the Company’s bond and debt facilities throughout their term,
are shown in the table below and do not include related debt issuance

costs.

Period
Principal Repayment
Year 1
$
47,150
Year 2
47,150
Year 3
47,149
Year 4
47,149
Year 5
222,149
Year 6 and

thereafter
111,843
Total
$
522,590

9.

Finance Liabilities
On March 29, 2022, the Company

sold
Florida
to an unrelated third party

and leased back the vessel

from
the buyer for

a period of
ten years, under which

the Company pays

a fixed monthly

hire. The Company

has
the option to

repurchase the vessel

at specific prices, after

the end of

the third year

of the charter period
and for

each year

thereafter,

and the