Diana Shipping Inc.
DSX, a global shipping company specializing in the ownership and
operation of dry bulk vessels, announced that on December 20, 2012 it signed,
through a separate wholly-owned subsidiary, a Memorandum of Agreement to
acquire a new-building Kamsarmax dry bulk carrier of 82,131 dwt, built by
Tsuneishi Shipbuilding Co., Ltd., Japan, from an unaffiliated third party
seller for a purchase price of US$26.5 million. The vessel, to be named
"Myrto", is expected to be delivered to the Company by the sellers at the end
of January 2013.
Separately, the Company also announced that yesterday it signed, through two
separate wholly owned subsidiaries, a term loan facility with Nordea Bank
Finland Plc, London Branch, and today completed the drawdown of US$20 million.
The purpose of this facility is to partially finance the acquisition costs of
the two newly built Post-Panamax dry bulk carriers, the m/v "Amphitrite" and
m/v "Polymnia", which were delivered to the Company on August 14, 2012 and
November 20, 2012, respectively.
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