DHT Launches $250 Million Revolving Credit Facility

MT Newswires Live

06/04

DHT (DHT) secured a new $250 million revolving credit facility to strengthen financial flexibility and lengthen its debt maturity schedule, the company said Thursday.

The seven-year term facility, maturing in June 2033, bears interest at secured overnight financing rate plus a margin of 135 basis points and includes a $250 million uncommitted accordion option, the company said.

Proceeds may be used for general corporate purposes, including the refinancing of existing debt, the company added.

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