DHT Holdings, Inc. announces $308.4 million financing

Core Viewpoint - DHT Holdings, Inc. has secured a $308.4 million senior secured credit facility for financing four newbuildings, enhancing its fleet and service offerings [1][3]. Financing Details - The credit facility is co-arranged by ING Bank and Nordea Bank Abp, with ING Bank serving multiple roles including Coordinator and Security Agent [2]. - The facility has an interest rate of SOFR plus a weighted average margin of 1.32%, with a maturity of 12 years from the delivery date and a 20-year repayment profile [2]. Company Strategy - The CEO emphasized the confidence of banking partners in DHT's long-term strategy, highlighting the competitive margin and extended tenor of the credit facility [3]. - The financing aligns with DHT's robust financial foundation and supports the company's fleet renewal and expansion plans [3]. Company Overview - DHT is an independent crude oil tanker company operating internationally with a fleet focused on the VLCC segment [4]. - The company is recognized for its quality operations, prudent capital structure, and disciplined capital allocation strategy [4].