<SEC-DOCUMENT>0000919574-24-003749.txt : 20240620
<SEC-HEADER>0000919574-24-003749.hdr.sgml : 20240620
<ACCEPTANCE-DATETIME>20240620090914
ACCESSION NUMBER:		0000919574-24-003749
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20240630
FILED AS OF DATE:		20240620
DATE AS OF CHANGE:		20240620

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DIANA SHIPPING INC.
		CENTRAL INDEX KEY:			0001318885
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32458
		FILM NUMBER:		241054322

	BUSINESS ADDRESS:	
		STREET 1:		PENDELIS 16
		STREET 2:		175 64 PALAIO FALIRO
		CITY:			ATHENS
		STATE:			J3
		ZIP:			00000
		BUSINESS PHONE:		30-210-947-0100

	MAIL ADDRESS:	
		STREET 1:		PENDELIS 16
		STREET 2:		175 64 PALAIO FALIRO
		CITY:			ATHENS
		STATE:			J3
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>d11076778_6-k.htm
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    <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">FORM 6-K</div>
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    </div>
    <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">WASHINGTON, D.C.&#160; 20549</div>
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    </div>
    <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16</div>
    <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">OF THE SECURITIES EXCHANGE ACT OF 1934</div>
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    <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif;">For the month of June 2024</div>
    <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Commission File Number:&#160; 001-32458</div>
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    <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">DIANA SHIPPING INC.</div>
    <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif;">(Translation of registrant's name into English)</div>
    <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Pendelis 16, 175 64 Palaio Faliro, Athens, Greece</div>
    <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif;">(Address of principal executive office)</div>
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    </div>
    <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</div>
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    <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Form 20-F [X]&#160; &#160; &#160;&#160; Form 40-F [&#160; ]</div>
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    <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">INFORMATION CONTAINED IN THIS FORM 6-K REPORT</div>
    <div style="text-align: justify; line-height: 11.4pt; margin-top: 12pt; margin-bottom: 12pt; color: #000000; font-family: 'Times New Roman', serif;">Attached to this Report on Form 6-K as Exhibit 99.1 is a press release dated June 18, 2024 of Diana
      Shipping Inc. (the "Company"), announcing the&#160;pricing&#160;of the Company's US$150 million senior unsecured bond offering.</div>
    <div style="text-align: justify; line-height: 11.4pt; margin-top: 12pt; margin-bottom: 12pt; color: #000000; font-family: 'Times New Roman', serif;">The information contained in this Report on Form 6-K is hereby incorporated by reference into the
      Company's registration statements on Form F-3 (File Nos. 333-256791 and 333-266999) that were filed with the U.S. Securities and Exchange Commission and became effective on July 9, 2021 and September 16, 2022, respectively.</div>
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    <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">SIGNATURES</div>
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    </div>
    <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
      thereunto duly authorized.</div>
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            <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">DIANA SHIPPING INC.</div>
          </td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="vertical-align: top;" colspan="2">
            <div style="text-align: justify; margin-left: 21.6pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">(registrant)</div>
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            <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Dated: June 20, 2024</div>
          </td>
          <td style="width: 5%; vertical-align: top;">
            <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">By:</div>
          </td>
          <td style="width: 45%; vertical-align: top;">
            <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;"><u>/s/ </u><font style="color: #000000;"><u>Anastasios Margaronis</u></font></div>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 45%; vertical-align: top;">
            <div style="text-align: justify; line-height: 11.4pt; color: #000000; font-family: 'Times New Roman', serif;">Anastasios Margaronis</div>
          </td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 45%; vertical-align: top;">
            <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">President</div>
          </td>
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        </tr>
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          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 45%; vertical-align: top;">&#160;</td>
        </tr>

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    <div style="text-align: right; line-height: 11.4pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-weight: bold;">Exhibit 99.1</div>
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              <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-style: italic; font-weight: bold;">Corporate Contact:</div>
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              <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Ioannis Zafirakis</div>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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              <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Director, Chief Financial Officer,</div>
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              <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Chief Strategy Officer, Treasurer and Secretary</div>
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              <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Telephone: + 30-210-9470-100</div>
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              <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Email: <font style="color: #0000FF;"><u>izafirakis@dianashippinginc.com</u></font></div>
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              <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Website: <font style="color: #0000FF;"><u>www.dianashippinginc.com</u></font></div>
            </td>
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              <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">X: @Dianaship</div>
            </td>
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              <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">For Immediate Release</div>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-style: italic; font-weight: bold;">Investor and Media Relations:</div>
            </td>
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            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Edward Nebb</div>
            </td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Comm-Counsellors, LLC</div>
            </td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Telephone: + 1-203-972-8350</div>
            </td>
          </tr>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Email: <font style="color: #0000FF;"><u>enebb@optonline.net</u></font></div>
            </td>
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      <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">DIANA SHIPPING INC. ANNOUNCES PRICING OF US$150 MILLION SENIOR UNSECURED BOND OFFERING</div>
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      <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">ATHENS, GREECE, June 18, 2024 &#8211; Diana Shipping Inc. (NYSE: DSX), (the &#8220;Company&#8221;), a global shipping company specializing in the ownership and bareboat
        charter-in of dry bulk vessels, today announced the pricing of a US$150 million private placement of senior unsecured bonds maturing in July 2029 and callable beginning three years after issuance. The bond offering was priced with a U.S. dollar
        fixed-rate coupon of 8.75%. Interest will be payable semi-annually in arrears in January and July of each year. The Company will apply for listing of the bonds on the Oslo Stock Exchange. The offering is expected to close on July 2, 2024, subject
        to customary closing conditions.</div>
      <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">&#160;</div>
      <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">The net proceeds from the bonds shall be used to refinance all of the Company&#8217;s existing US$125 million senior unsecured bond due 2026 with ISIN
        NO0011021974 (&#8220;DIASH02&#8221;), and for general corporate purposes.</div>
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      </div>
      <div style="text-align: justify; line-height: 11.4pt; margin-bottom: 10pt; font-family: 'Times New Roman', serif; font-weight: bold;">Important Information</div>
      <div style="text-align: justify; line-height: 11.4pt; margin-bottom: 10pt; font-family: 'Times New Roman', serif;">The bonds offered as described in this press release have not been, and will not be, registered under the Securities Act of 1933, as
        amended (the &#8220;Securities Act&#8221;), or the securities laws of any state of the United States or other jurisdiction, and may not be offered or sold absent registration or an applicable exemption from registration requirements under the Securities Act or
        any state or other jurisdiction&#8217;s securities laws. The bonds will be sold only to persons that are reasonably believed to be qualified institutional buyers in the United States in reliance on Rule 144A under the Securities Act and to persons
        outside the United States in reliance on Regulation S under the Securities Act.&#160;</div>
      <div style="text-align: justify; line-height: 11.4pt; margin-bottom: 10pt; font-family: 'Times New Roman', serif;">This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any
        offer, solicitation or sale of securities, in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful.</div>
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      <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">Cautionary Statement Regarding Forward-Looking Statements</div>
      <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
      </div>
      <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">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.</div>
      <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
      </div>
      <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">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 &#8220;believe,&#8221; &#8220;anticipate,&#8221; &#8220;intends,&#8221; &#8220;estimate,&#8221; &#8220;forecast,&#8221; &#8220;project,&#8221; &#8220;plan,&#8221; &#8220;potential,&#8221; &#8220;may,&#8221; &#8220;should,&#8221; &#8220;expect,&#8221; &#8220;pending&#8221; and similar expressions identify forward-looking
        statements.</div>
      <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
      </div>
      <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">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 management&#8217;s examination of historical operating trends, data contained in the Company&#8217;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 Company&#8217;s control, the Company cannot assure you that it will achieve or
        accomplish these expectations, beliefs or projections.</div>
      <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
      </div>
      <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">In addition to these important factors, other important factors that, in the Company&#8217;s view, could cause actual results to differ materially from those
        discussed in the forward-looking statements include the outcome of the Company&#8217;s potential Bond issuance to which this press release relates, 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 Company&#8217;s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company&#8217;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, including risks associated
        with the continuing conflict between Russia and Ukraine and related sanctions, potential disruption of shipping routes due to accidents or political events, including the escalation of the conflict in the Middle East, vessel breakdowns and
        instances of off-hires and other factors. Please see the Company&#8217;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.</div>
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