Diana Shipping to redeem $63.25 million 8.5% $25-par notes due 2020

By Sarah Lizee

Olympia, Wash., Sept. 18 – Diana Shipping Inc. plans to redeem its $63.25 million of 8.5% $25-par senior notes due 2020 using proceeds from a new bond offering, according to a press release.

The company announced on Tuesday that it priced $100 million of senior unsecured bonds due September 2023.

Proceeds from the offering will also be used to prepay other debt or for general corporate purposes.

Diana is an Athens-based shipping company.

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