Diana Shipping Inc. announced the pricing of a USD 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 USD 125 million senior unsecured bond due 2026 with ISIN NO0011021974, and for general corporate purposes.

Fearnley Securities and Nordea acted as Joint Bookrunners.