11:09 AM EDT, 10/21/2024 (MT Newswires) -- Diana Shipping ( DSX ) said Monday it signed a seven-year, $80.2 million amended and restated secured term loan agreement with Danish Ship Finance on Friday.

The loan, secured by seven vessels, will mature in April 2031, the company added.

Diana said it has used the proceeds to refund its current loan facility with Danish Ship of the same balance, originally maturing in April 2028.

Diana's shares were down 2.9% in recent Monday trading.

Price: 2.32, Change: -0.07, Percent Change: -2.85