DHT Holdings, Inc. (NYSE: DHT) entered into a new $250 million reducing revolving credit facility, the company announced.

The facility carries a seven-year tenor with interest at SOFR plus 135 basis points. It matures in June 2033 and features a 20-year repayment profile. The arrangement includes a $250 million uncommitted accordion option.

Nordea Bank Abp arranged the facility and will serve as agent and security agent. The lending syndicate includes ING Bank N.V., DNB Bank ASA, ABN AMRO Bank N.V., Crédit Agricole Corporate and Investment Bank, Danish Ship Finance A/S, and Skandinaviska Enskilda Banken AB.

"We are pleased to complete this refinancing together with our strong and supportive group of leading shipping banks," said Svein Moxnes Harfjeld, president and chief executive officer of DHT. "The Facility strengthens our liquidity profile and extends maturities at attractive terms."

The facility will be available for general corporate purposes, including refinancing existing debt, according to the press release statement.

DHT Holdings operates as an independent crude oil tanker company with a fleet of VLCC segment vessels that trade internationally. The company operates through management companies in Monaco, Norway, Singapore, and India.