Diana bags Nordea loan
Diana Shipping has added to its acquisition arsenal after signing a new loan with Nordea today.
New York-listed Diana says the $93.08m facility has been secured against eight of its ships.
It explains $38.3m has been used to refinance debt on the 81,300-dwt Leto (built 2010), the 76,200-dwt Melia (built 2005) and the 98,700-dwt duo Polymnia and Amphitrite (both built 2012).
The remainder has been secured against the previously debt free capesizes, the 180,200-dwt Aliki Baltimore (both built 2005), and the 74,400-dwt panamaxes Coronis and Myrsini (both built 2006).
Diana had $218.90m in cash at the end of 2014 and today’s facility will add around $55m to its firepower.
Chief executive Simeon Palios said earlier this month the owner was looking to add up to five ships this year.
This would add to a fleet of 40 trading bulk carriers and three newbuildings, which make Diana one of the largest US listed dry cargo shipowners.
source:www.tradewindsnews.com