Edition:
United States

DIANA CONTAINERSHIPS AGREES TO SELL UP TO SEVEN VESSELS


Thursday, 5 Oct 2017 09:25am EDT 

Oct 5 (Reuters) - Diana Containerships Inc :DIANA CONTAINERSHIPS INC. ANNOUNCES AGREEMENT TO SELL UP TO SEVEN VESSELS.DEAL FOR ‍US$104.0 MILLION​.‍ENTERED INTO AN AGREEMENT TO SELL UP TO SEVEN OF ITS CONTAINERSHIP VESSELS TO AN UNAFFILIATED THIRD PARTY​.EXPECTS ANY VESSEL SALES PURSUANT TO AGREEMENT TO BE COMPLETED DURING Q1 2018, SUBJECT TO EXTENSION UNDER CERTAIN CIRCUMSTANCES​.NET PROCEEDS FROM SALE OF VESSELS TO BE USED BY CO TO REPAY INDEBTEDNESS UNDER PREVIOUSLY ANNOUNCED CREDIT AGREEMENTS WITH ADDIEWELL.