Dht holdings, inc. announces $305 million financing

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 company's borrowing cost. the new facility will refinance the outstanding amount on the current abn amro credit facility and be secured by 10 of the company's vlccs.
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