DHT Holdings Secures $250M Seven-Year Revolver at SOFR+135bps
DHT•DHT Holdings secured a $250 million reducing revolving credit facility with a seven-year tenor, final maturity in June 2033, a 20-year repayment profile and interest at SOFR plus 135 basis points. The facility, arranged by Nordea and backed by six banks, will fund general corporate needs and refinance existing debt.
1. Facility Terms
DHT Holdings has entered into a $250 million reducing revolving credit facility featuring a seven-year tenor, final maturity in June 2033 and a 20-year repayment profile. The facility carries a floating interest rate set at SOFR plus a 135-basis-point margin and includes a $250 million uncommitted accordion.
2. Lenders and Arrangement
Nordea Bank Abp arranged the facility and will act as Agent and Security Agent in conjunction with a syndicate of six banks, including ING Bank, DNB Bank ASA, ABN AMRO, Crédit Agricole CIB, Danish Ship Finance and Skandinaviska Enskilda Banken. This consortium underscores strong support from leading shipping finance institutions.
3. Impact on Financial Profile
The new credit facility is intended for general corporate purposes, including refinancing existing indebtedness to extend debt maturities and strengthen liquidity. According to the CEO, the refinancing optimizes the capital structure by enhancing financial flexibility and securing attractive financing terms.
