Diana Shipping says it has reached a preliminary deal in negotiations over interest payments and waiving covenants with one of its main lenders.
But a formal deal will require all other lenders to agree.
The agreement comes roughly a month after TradeWinds reported that the New York-listed shipowner was taking a hardline stance with banks.
Diana said Friday it has reached an “agreement in principle with certain lenders, including its largest lender,” for terms that include deferring of amortisation payments and amending financial covenants.
According
