Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 156

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 5
Chunk 156
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 nominal

value, at 102.00%

of par value.

The new bond

has a US

Dollar

fixed-rate coupon of 8.75% payable

semi-annually in arrears in January

and July of each

year. 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

at

a price

equal to 102.625%

of nominal

value; in

July 2028

at a

price equal to

101.75% and after

January

2029 at

a price

equal to

100.00% of

nominal value.

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.

The bond

includes financial and

other covenants

and is

trading on

the

Oslo Stock Exchange under the ticker symbol “ DIASH03”.

Finance Liabilities

On March 29, 2022, we entered into a $50 million sale and leaseback agreement with an unaffiliated third

party,

for a

period of ten

years, under which

we pay

hire, monthly in

advance and we

have the option

to

repurchase the vessel after the

end of the third year of

the charter period, or each

year thereafter, until the

termination

of the

lease, at

specific prices,

subject to

irrevocable and

written notice

to

the

owner.

If not

repurchased earlier, we have the obligation to repurchase the vessel

for $16.4 million, on the expiration of

the lease on the tenth year.

On August 17, 2022,

we entered into two

sale and leaseback agreements with two

unaffiliated Japanese

third parties, for

an aggregate amount

of $66.4 million,

for a period

of eight years,

each,

under which we

pay hire, monthly in advance,

and we have the option to purchase the vessels at the end of the third year

of

each

vessel's

bareboat

charter

period,

or

each

year

thereafter,

until

the

termination

of

the