28JUN2018 - NEWS - Diana Shipping Inc. has reached an agreement with BNP Paribas that sets seventeen vessels of the fleet unencumbered

Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, yesterday announced that on June 20, 2018, it signed a term sheet with BNP Paribas for a five year loan facility of up to US$75 million, subject to loan documentation. The proceeds from the loan facility together with available cash will be used to voluntarily prepay in full the balance of US$130 million of the existing credit facility with BNP Paribas. The new loan facility will result in 17 of the Company’s vessels being unencumbered.