The Firm recently represented Stifel, Nicolaus & Company, Incorporated, Deutsche Bank Securities Inc. and the other several underwriters in the public offering by Diana Shipping Inc. of $63,250,000 aggregate principal amount of Senior Notes due 2020, including the underwriters’ over-allotment option. Diana Shipping, Inc. intends to use the net proceeds from this offering for general corporate purposes and working capital, which may include the acquisition of additional new or secondhand vessels or the construction of new buildings.
Diana Shipping is a global provider of shipping transportation services through its ownership of dry bulk vessels. Diana Shipping'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.
The Simpson Thacher team for the transaction included Lesley Peng, Christopher Webb and Sage Hughes (Capital Markets); Jamin Koslowe and Holly Gurian (ECEB); Michael Isby (Environmental); Jonathan Cantor and Andrew Purcell (Tax); and Andrew Pagliughi (FINRA).