The New York-listed Greek bulker owner revealed yesterday that it is plotting the sale of Series B Cumulative Redeemable Perpetual Preferred Shares in a public offering.
Diana has now priced 2.4 million units at $25 each with a view to hauling in gross proceeds of $60m from the exercise underwritten by Morgan Stanley, Deutsche Bank and UBS Securities.
However it could raise a further $9m if underwriters take up the option to purchase up to an additional 360,000 units to cover any over-allotments, it announced in a follow up filing.
As
