HAMILTON, BERMUDA, January 9, 2023 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Firm”) at present declares a brand new $305 million secured credit score facility. It’s consistent with the “DHT-style financing” together with a six-year tenor and a 20-year reimbursement profile. The brand new facility will bear curiosity at a price equal to Secured In a single day Financing Charge (SOFR) plus a margin of 1.90%, together with the historic Credit score Adjustment Unfold (CAS) of 26 foundation factors. The price of the ability compares to a Libor equal margin of 164 foundation factors, representing a discount within the Firm’s borrowing price. The brand new facility will refinance the excellent quantity on the present ABN Amro credit score facility and be secured by 10 of the Firm’s VLCCs.
ING and Nordea are appearing as joint coordinators and bookrunners with ING, Nordea, Crédit Agricole, Danish Ship Finance and SEB as mandated lead arrangers. ING will act as agent for the credit score facility, which was oversubscribed.
About DHT Holdings, Inc.
DHT is an unbiased crude oil tanker firm. Our fleet trades internationally and consists of crude oil tankers within the VLCC phase. We function by means of our built-in administration firms in Monaco, Norway and Singapore. Chances are you’ll acknowledge us by our famend enterprise strategy as an skilled group with give attention to first price operations and customer support; our high quality ships; our prudent capital construction that promotes endurance by means of the enterprise cycles; our mixture of market publicity and glued earnings contracts for our fleet; our counter cyclical philosophy with respect to investments, employment of our fleet, and capital allocation; and our clear company construction sustaining a excessive degree of integrity and good governance. For additional data please go to www.dhtankers.com.
Ahead Trying Statements
This press launch comprises sure forward-looking statements and data referring to the Firm which might be primarily based on beliefs of the Firm’s administration in addition to assumptions, expectations, projections, intentions and beliefs about future occasions. When used on this doc, phrases equivalent to “imagine,” “intend,” “anticipate,” “estimate,” “venture,” “forecast,” “plan,” “potential,” “will,” “might,” “ought to” and “anticipate” and comparable expressions are supposed to determine forward-looking statements however usually are not the unique technique of figuring out such statements. These statements mirror DHT’s present views with respect to future occasions and are primarily based on assumptions and topic to dangers and uncertainties. Given these uncertainties, you shouldn’t place undue reliance on these forward-looking statements. These statements mirror the Firm’s present views with respect to future occasions and are primarily based on assumptions and topic to dangers and uncertainties. Given these uncertainties, you shouldn’t place undue reliance on these forward-looking statements. These forward-looking statements characterize the Firm’s estimates and assumptions solely as of the date of this press launch and usually are not supposed to present any assurance as to future outcomes. For an in depth dialogue of the danger components which may trigger future outcomes to vary, please check with the Firm’s Annual Report on Kind 20-F, filed with the SEC on March 25, 2022.
The Firm undertakes no obligation to publicly replace or revise any forward-looking statements contained on this press launch, whether or not because of new data, future occasions or in any other case, besides as required by legislation. In mild of those dangers, uncertainties and assumptions, the forward-looking occasions mentioned on this press launch may not happen, and the Firm’s precise outcomes might differ materially from these anticipated in these forward-looking statements.
Laila C. Halvorsen, CFO
Telephone: +1 441 295 1422 and +47 984 39 935
E-mail: [email protected]