DHT Holdings (DHT) Announces $305M Financing Facility

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DHT Holdings, Inc. announces $305 million financing

January 9, 2023 5:03 AM EST

HAMILTON, BERMUDA, January 9, 2023 DHT Holdings, Inc. (NYSE: DHT) (DHT or the Company) today announces a new $305 million secured credit facility. It is in line with the DHT-style financing including a six-year tenor and a 20-year repayment profile. The new facility will bear interest at a rate equal to Secured Overnight Financing Rate (SOFR) plus a margin of 1.90%, including the historical Credit Adjustment Spread (CAS) of 26 basis points. The cost of the facility compares to a Libor equivalent margin of 164 basis points, representing a reduction in the Companys borrowing cost. The new facility will refinance the... More