Diana Shipping Extends $1.412 Billion Financing for Genco Acquisition

On June 30, 2026, Diana Shipping extended its fully committed $1.412 billion financing package to back its ongoing tender offer for Genco Shipping & Trading. This follows the June 29 extension of the tender offer deadline to July 10, 2026, after 28.4% of unaffiliated Genco shares had already been tendered. The offer remains valued at $27.34 per share ($24.80 cash plus one Diana share at $2.54), representing a 53% premium, with support from six international banks. The moves increase pressure on Genco’s board while highlighting strong shareholder interest and Diana’s commitment to completing the deal.