Diana Shipping has reached a $167m loan deal with Nordea Bank that will allow it to pay down previous borrowings backed by nearly one-third of its vessels.
The New York-listed bulker owner said the new six-year, secured loan is backed by 10 of its ships and leaves two previously financed vessels unencumbered.
“This strategic financial move underscores the company’s commitment to optimising its capital structure and enhancing operational flexibility,” Diana said.
