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Diana Shipping gets ABN AMRO Bank loan to refinance vessels

London: NYSE-listed Diana Shipping has signed a term loan facility with ABN AMRO Bank, through which Diana has drawn down $50.16m to pay off outstanding debt on three bulkers.

The drawdown has been used to repay in the full the $44.35m of total indebtedness attached to Diana’s vessels New York (177,800 dwt, built 2010), Maia (82,800 dwt, built 2009) and Myrto (82,100 dwt, built 2013).

Earlier this month, Diana signed a term loan facility this week with Nordea Bank in London, through which it drew down $93.08m to refinance eight of its bulk carriers.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.
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