Company: DSX-PB
Filing Date: 2025-09-15
Form Type: 6-K
Source: 0001562762-25-000232
Chunk: 36

Company: DIANA SHIPPING INC.
Filing Date: 2025-09-15
Form: 6-K
Chunk 36
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-term debt, net of deferred financing costs $ 492,014 $ 514,617 Less: Current long-term debt, net of deferred financingcosts, current ( 45,292) ( 45,230) Long-term debt, excluding current maturities $ 446,722 $ 469,387 8.75% Senior Unsecured Bond : In2024,theCompanyissueda$ 175,000 seniorunsecuredbondmaturinginJuly2029havingaUS Dollar fixed-rate coupon of 8.75 % payable semi-annually in arrears in January and July of each year. The proceeds fromthe bondwere usedto prepaythe balanceof thethen outstandingbond andfor working capital. The bond is callable in whole or in part in July 2027 at a price equal to 103.50 % of nominal value; in January 2028 ata price equal to 102.625 % of nominal value;in July 2028 ata price equal to 101.75 % andafterJanuary2029atapriceequalto 100.00 %ofnominalvalue.Thebondranksaheadof subordinatedcapitalandranksthesamewithallotherseniorunsecuredobligationsoftheCompany otherthanobligationswhicharemandatorilypreferredbylaw.Thebondincludesfinancialandother covenants and is trading on the Oslo Stock Exchange under the ticker symbol“DIASH03”. Secured Term Loans: Underthesecured termloansoutstanding asof June30,2025, 27 vessels oftheCompany’sfleetare mortgagedwithfirstpreferredorpriorityshipmortgages,havinganaggregatecarryingvalueof $ 573,351 .Additionalsecuritiesrequiredbythebanksincludefirstpriorityassignmentofallearnings, insurances,firstassignmentoftimechartercontractsthatexceedacertainperiod,pledgeoverthe sharesoftheborrowers,manager’sundertakingandsubordinationandrequisitioncompensationand eitheracorporateguaranteebyDSI(the“Guarantor”)oraguaranteebytheshipowningcompanies (where applicable), financial covenants, as well as operating account assignments. The lenders may also requireadditionalsecurityinthefutureintheeventtheborrowersbreachcertaincovenantsunderthe loanagreements.Thesecuredtermloansgenerallyincluderestrictionsastochangesinmanagement and ownershipof thevessels, additional