Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 153

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 5
Chunk 153
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As of December

31, 2024,

we had $522.6

million of

long-term debt

under the

agreements described

below.

Secured Term Loans

On January 4,

2017, we

drew down $57.24

million, under a

secured loan

agreement with

the Export-Import

Bank

of

China,

dated

January

7,

2016,

to

finance

part

of

the

construction

cost

of

San

Francisco

and

Newport News

, both

delivered on January

4, 2017. The

loan is payable

in equal quarterly

instalments of

about $1.0 million each, the last of which is payable by January

4, 2032.

79

On September 30, 2022, we entered into a $200 million loan agreement to finance

the acquisition price of

9 Ultramax vessels. The Company drew-down $197.2 million in tranches,

with each tranche drawn on the

delivery

of

each

vessel

to

us.

In

December

2022,

we

prepaid

$21.9

million

due

to

a

vessel

sale

and

leaseback transaction. On June 20, 2023, we

entered into a $22.5 million loan agreement with

Nordea to

refinance $20.9 million outstanding

balance of an

existing loan. On

July 25, 2024,

we refinanced the

two

agreements with

Nordea with

a new

$167.3 loan

agreement, drawn

on July

25, 2024.

The loan

is repayable

in equal quarterly instalments of $4.5 million and a balloon instalment of $64.8 million payable on July 25,

2030.

On

April

12,

2023,

we

entered

into

a

$100

million

term

loan

facility

with

Danish

Ship

Finance

A/S

to

refinance an

aggregate of

$75.2 million

outstanding balance

under existing

loans with

BNP Paribas

and

working capital. On October 18, 2024, we refinanced the outstanding

balance of the loan with a new loan

which is

repayable in

equal quarterly

inst