Diana Shipping has lined up $123m to refinance existing credit facilities secured by 14 of its ships.
The New York-listed Greek bulker owner has signed a non-binding term sheet with a major European bank for a new $100m sustainability-linked loan, which, if completed, will be used to refinance existing loans secured by the company’s ten vessels.
The Semiramis Paliou-led company has also signed a non-binding term sheet with a separate major European bank for an additional loan of up to $22.5m aimed at refinancing an existing credit facility secured by four bulkers.
The loans are expected to have a term of six-and-a-half and five years, respectively. In April, Diana also tapped Danish Ship Finance for a $100m loan maturing in five years. The deal has been secured by nine ships out of over 40 in the company fleet.
