Diana Shipping Inc. Announces Pricing of US$150 Million Senior Unsecured Bond Offering

Athens, Greece - June 18, 2024

Diana Shipping Inc. (NYSE: DSX), (the "Company"), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced the pricing of a US$150 million private placement of senior unsecured bonds maturing in July 2029 and callable beginning three years after issuance.

The bond offering was priced with a U.S. dollar fixed-rate coupon of 8.75%.

Interest will be payable semi-annually in arrears in January and July of each year.

The Company will apply for listing of the bonds on the Oslo Stock Exchange.

The offering is expected to close on July 2, 2024, subject to customary closing conditions.

The net proceeds from the bonds shall be used to refinance all of the Company's existing US$125 million senior unsecured bond due 2026 with ISIN NO0011021974 ("DIASH02"), and for general corporate purposes.

About the Company
Diana Shipping Inc. is a global provider of shipping transportation services through its ownership and bareboat charter-in of dry bulk vessels.

The Company's vessels are employed primarily on short to medium-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.

Diana Shipping Inc. press release