DHT Holdings Secures $308.4 Million Financing for New Vessel Construction with ING Bank and Nordea Bank
Reuters
Jul 31
DHT Holdings Secures $308.4 Million Financing for New Vessel Construction with ING Bank and Nordea Bank
DHT Holdings, Inc. has announced a new $308.4 million senior secured credit facility to finance the post-delivery of its four newbuildings currently under construction in South Korea. Co-arranged by ING Bank and Nordea Bank Abp, with ING Bank serving multiple roles including Coordinator and Facility Agent, the facility offers a competitive interest rate of SOFR plus a weighted average margin of 1.32%. The financing agreement features a 12-year maturity from each vessel's delivery date and aligns with DHT's existing credit terms. President & CEO Svein Moxnes Harfjeld highlighted that the agreement demonstrates the confidence of banking partners and supports the company's fleet renewal and expansion strategy.
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