Diana Shipping (DSX) Signs $40M Secured Term Loan with Bremer Landesbank Kreditanstalt Oldenburg-Girozentrale
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Diana Shipping Inc. (NYSE: DSX) today announced that it has signed a 10 year term loan agreement with Bremer Landesbank Kreditanstalt Oldenburg-Girozentrale- for a secured term loan of $40 million, which the Company has drawn down yesterday to finance part of the total cost of buying the vessel m/v Houston.
The Company, as announced on November 9, 2009, has already taken delivery of the m/v Houston, a 177,729 dry-weight tonne Capesize dry bulk carrier built jointly by Shanghai Jiangnan-Changxing Shipbuilding Co., Ltd. and Shanghai Waigaoqiao Shipbuilding Co. Ltd.
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