(MENAFN - GlobeNewsWire - Nasdaq) itemprop="articleBody">ATHENS, Greece, Oct. 30, 2018 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX) (the â€œCompanyâ€), a global shipping company specializing in the ownership of dry bulk vessels, today announced that on October 29, 2018, it completed the redemption of all of its outstanding 8.50% Senior Notes due 2020 (NYSE: DSXN) (CUSIP No. Y2066G120) (the â€œNotesâ€), in an aggregate principal amount of US$63.25 million.
The redemption price was equal to 100% of the principal amount of the Notes, or US$25.00 per Note, plus accrued and unpaid interest to, but excluding, the date of redemption.
About the Company
Diana Shipping Inc. is a global provider of shipping transportation services through its ownership of dry bulk vessels. The Companyâ€™s vessels are employed primarily on medium to long-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 â€œbelieve,â€ â€œanticipate,â€ â€œintends,â€ â€œestimate,â€ â€œforecast,â€ â€œproject,â€ â€œplan,â€ â€œpotential,â€ â€œmay,â€ â€œshould,â€ â€œexpect,â€ â€œpendingâ€ 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 managementâ€™s examination of historical operating trends, data contained in the Companyâ€™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 Companyâ€™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 Companyâ€™s view, could cause actual results to differ materially from those discussed in the forward-looking statements include 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 Companyâ€™s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Companyâ€™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, potential disruption of shipping routes due to accidents or political events, vessel breakdowns and instances of off-hires and other factors. Please see the Companyâ€™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.
Director, Chief Strategy Officer and Secretary
Telephone: + 30-210-9470-100
Email: Website: www.dianashippinginc.com Investor and Media Relations:
Telephone: + 1-203-972-8350
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