Diana Shipping Inc. Announces Fixed Income Investor Calls
11 Junio 2024 - 7:33AM
Diana Shipping Inc. (NYSE:DSX), (the “Company”), a global shipping
company specializing in the ownership and bareboat charter-in of
dry bulk vessels, announced today that it will participate in a
series of fixed income investor calls to be arranged. Subject to,
inter alia, market conditions, a USD denominated senior unsecured
bond issue with a five-year tenor may follow.
The proceeds from the potential bond issue will
be used to prepay in full the Company’s existing USD125 million
senior unsecured bonds with maturity in June 2026 (DIASH02 - ISIN
NO0011021974), and the balance will be used for general corporate
purposes. Subject to the successful placement of the new
contemplated bond issue, the Company intends to call the existing
bond (DIASH02).
The senior unsecured bonds, if issued, will be
offered in the United States or its territories only to persons
reasonably believed to be qualified institutional buyers in
reliance on Rule 144A under the Securities Act of 1933, as amended
(the “Securities Act”) and outside of the United States pursuant to
Regulation S of the Securities Act. The bonds, if issued, will not
be registered under the Securities Act or any state securities laws
and may not be offered or sold in the United States absent
registration or an applicable exemption from registration under the
Securities Act. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy any securities of Diana
Shipping Inc., nor shall it constitute an offer, solicitation or
sale in any jurisdiction in which such offer, solicitation or sale
is unlawful.
About the Company
Diana Shipping Inc. is a global provider of
shipping transportation services through its ownership and bareboat
charter-in of dry bulk vessels. The Company’s vessels are employed
primarily on short to medium-term time charters and transport a
range of dry bulk cargoes, including such commodities as iron ore,
coal, grain and other materials along worldwide shipping
routes.
Cautionary Statement Regarding
Forward-Looking Statements
Matters discussed in this press release may
constitute forward-looking statements. The Private Securities
Litigation Reform Act of 1995 provides safe harbor protections for
forward-looking statements in order to encourage companies to
provide prospective information about their business.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements, which are other than
statements of historical facts.
The Company desires to take advantage of the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995 and is including this cautionary statement in
connection with this safe harbor legislation. The words “believe,”
“anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,”
“potential,” “may,” “should,” “expect,” “pending” and similar
expressions identify forward-looking statements.
The forward-looking statements in this press
release are based upon various assumptions, many of which are
based, in turn, upon further assumptions, including without
limitation, Company management’s examination of historical
operating trends, data contained in the Company’s records and other
data available from third parties. Although the Company believes
that these assumptions were reasonable when made, because these
assumptions are inherently subject to significant uncertainties and
contingencies that are difficult or impossible to predict and are
beyond the Company’s control, the Company cannot assure you that it
will achieve or accomplish these expectations, beliefs or
projections.
In addition to these important factors, other
important factors that, in the Company’s view, could cause actual
results to differ materially from those discussed in the
forward-looking statements include the outcome of the Company’s
potential Bond issuance to which this press release relates, the
strength of world economies and currencies, general market
conditions, including fluctuations in charter rates and vessel
values, changes in demand for dry bulk shipping capacity, changes
in the Company’s operating expenses, including bunker prices,
drydocking and insurance costs, the market for the Company’s
vessels, availability of financing and refinancing, changes in
governmental rules and regulations or actions taken by regulatory
authorities, potential liability from pending or future litigation,
general domestic and international political conditions, including
risks associated with the continuing conflict between Russia and
Ukraine and related sanctions, potential disruption of shipping
routes due to accidents or political events, including the
escalation of the conflict in the Middle East, vessel breakdowns
and instances of off-hires and other factors. Please see the
Company’s filings with the U.S. Securities and Exchange Commission
for a more complete discussion of these and other risks and
uncertainties. The Company undertakes no obligation to revise or
update any forward-looking statement, or to make any other
forward-looking statements, whether as a result of new information,
future events or otherwise.
Corporate Contact:
Ioannis Zafirakis
Director, Chief Financial Officer,
Chief Strategy Officer, Treasurer and Secretary
Telephone: + 30-210-9470-100
Email: izafirakis@dianashippinginc.com
Website: www.dianashippinginc.com
X: @Dianaship
Investor and Media Relations:
Edward Nebb
Comm-Counsellors, LLC
Telephone: + 1-203-972-8350
Email: enebb@optonline.net
Diana Shipping (NYSE:DSX)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Diana Shipping (NYSE:DSX)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024