{"id":32357,"date":"2023-01-09T17:57:37","date_gmt":"2023-01-09T14:57:37","guid":{"rendered":"https:\/\/www.al-sindbad.net\/dht-holdings-reveals-fresh-305m-financing\/32357\/"},"modified":"2023-01-09T17:57:37","modified_gmt":"2023-01-09T14:57:37","slug":"dht-holdings-reveals-fresh-305m-financing","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/dht-holdings-reveals-fresh-305m-financing\/32357\/","title":{"rendered":"DHT Holdings reveals fresh $305m financing"},"content":{"rendered":"<p><\/p>\n<div class=\"entry-content entry clearfix\">\n<div class=\"mailmunch-forms-before-post\" style=\"display: none !important;\"><\/div>\n<p>DHT Holdings has revealed a new $305m secured credit facility. The proceeds will be used to refinance the outstanding amount on the company\u2019s current ABN Amro credit facility and be secured by 10 ships.<\/p>\n<p>The New York-listed owner of 23 VLCCs said the facility includes a six-year tenor and a 20-year repayment profile. It 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\u2019s borrowing cost, DHT said.<\/p>\n<p>ING and Nordea are acting as joint coordinators and bookrunners with ING, Nordea, Cr\u00e9dit Agricole, Danish Ship Finance and SEB as mandated lead arrangers. ING will act as agent for the credit facility, which was oversubscribed.<\/p>\n<div class=\"mailmunch-forms-in-post-middle\" style=\"display: none !important;\"><\/div>\n<p>DHT Holdings logged a third-quarter 2022 net profit of $7.5m or $0.04 per basic share. In September 2022, the company announced a new dividend policy with 100% of net income being returned to shareholders in the form of quarterly cash dividends.<\/p>\n<div class=\"mailmunch-forms-after-post\" style=\"display: none !important;\"><\/div>\n<div class=\"stream-item stream-item-below-post-content\">\n\t    <!-- \/91333190\/SPLASH247_*_Splash247_Article_*_Strip_Slot_*_2 --><\/p>\n<div id=\"div-gpt-ad-1_95_0_1_2\">\n<script>\ngoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); });\n<\/script>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>splash247<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DHT Holdings has revealed a new $305m secured credit facility. The proceeds will be used to refinance the outstanding amount on the company\u2019s current ABN Amro credit facility and be secured by 10 ships. The New York-listed owner of 23 VLCCs said the facility includes a six-year tenor and a 20-year repayment profile. It will &hellip;<\/p>\n","protected":false},"author":1,"featured_media":32358,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[58],"tags":[],"class_list":["post-32357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tanker-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/32357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=32357"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/32357\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/32358"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=32357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=32357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=32357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}