03:48 AM EDT, 06/20/2024 (MT Newswires) -- Diana Shipping ( DSX ) said Tuesday that it priced a $150 million private placement of senior unsecured bonds maturing in July 2029 with a fixed-rate coupon of 8.75%.

The bonds are callable three years after issuance. Interest will be payable semi-annually in arrears in January and July of each year.

The company said it will apply to list the bonds on the Oslo Stock Exchange. The offering is expected to close on July 2.

The company plans to use the net proceeds to refinance all of its existing $125 million senior unsecured bond due 2026 (DIASH02) and for general corporate purposes.

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