Diana Containerships signs $148 million term loan facility with RBS

By Alyssa Stahr

Chicago, Sept. 16 – Diana Containerships Inc. has signed a six-year term loan facility with Royal Bank of Scotland plc, amounting to up to $148 million.

The financing closed on Sept. 10 and the company drew $122.5 million on Tuesday.

Interest is at Libor plus 275 basis points, according to a news release.

Tuesday’s drawdown is secured by the vessels m/v Sagitta, m/v Centaurus, m/v Pucon, m/v YM March, m/v Great, m/v YM Los Angeles, m/v YM New Jersey and m/v Rotterdam, according to the release.

The borrowings were used to prepay a balance of $92.7 million with RBS and to partially finance the m/v Rotterdam.

Diana Containerships is an Athens-based provider of shipping transportation services through its ownership of containerships.

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