DHT Holdings (DHT) Announces $80 Mln Backstopped Equity Offering & Concurrent Private Placement
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DHT Holdings, Inc. (NYSE: DHT) has approved a backstopped equity offering and a concurrent private placement, both of which will allow DHT to raise equity capital through the sale of shares of common stock and preferred stock. The equity offering proceeds will be used to prepay certain debt under DHT's existing credit facilities and provide DHT with the capital to pursue vessel acquisition and other growth opportunities.
Pursuant to the backstopped equity offering, DHT intends to raise gross proceeds of $72.5 million through a backstopped equity offering of 51,785,800 shares of common stock and 258,929 shares of preferred stock (the "Offered Shares") only to holders of record of its common stock (the "Record Date Holders") as of the close of business on March 29, 2012 (the "Record Date").
Pursuant to the backstopped equity offering, DHT intends to raise gross proceeds of $72.5 million through a backstopped equity offering of 51,785,800 shares of common stock and 258,929 shares of preferred stock (the "Offered Shares") only to holders of record of its common stock (the "Record Date Holders") as of the close of business on March 29, 2012 (the "Record Date").
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