DHT Holdings, Inc. announces new $250 Million Revolving Credit Facility

DHT (NYSE:DHT) entered into a new $250 million reducing revolving credit facility with a seven-year tenor, maturing in June 2033, bearing interest at SOFR plus 135 bps and a 20-year repayment profile.

Rhea-AI Summary

DHT (NYSE:DHT) entered into a new $250 million reducing revolving credit facility with a seven-year tenor, maturing in June 2033, bearing interest at SOFR plus 135 bps and a 20-year repayment profile. The Facility includes a $250 million uncommitted accordion, is arranged by Nordea as Agent and Security Agent, and is intended to enhance liquidity, extend the debt maturity profile, and support general corporate purposes including refinancing existing indebtedness.

Positive

• $250 million new reducing revolving credit facility obtained
• Seven-year tenor with final maturity in June 2033
• Interest margin set at SOFR + 135 basis points
• $250 million uncommitted accordion provides additional potential capacity
• Facility described as enhancing liquidity and extending debt maturity profile

Negative

• None.

Argus Jun 4 session

-0.92% close to close Open Argus

Details

News Market Reaction – DHT

On Jun 4, the day this news came out, DHT closed 0.92% below the previous close.

Data tracked by StockTitan Argus for the Jun 4 session.

Key Figures

Facility size: $250 million Facility tenor: 7 years Interest margin: 135 basis points +3 more

Facility size

$250 million

New reducing revolving credit facility

Facility tenor

7 years

New revolving credit facility

Interest margin

135 basis points

Over SOFR on new facility

Final maturity

June 2033

New revolving credit facility

Repayment profile

20 years

Amortization profile of the facility

Uncommitted accordion

$250 million

Additional uncommitted capacity under the facility

Historical Context

5 past events · Latest: May 05

5 events

1. May 05

   Q1 2026 earnings

   24h Move

   -0.8%

   Release of strong first quarter 2026 financial results and full report.

2. Apr 21

   Earnings date notice

   24h Move

   -2.4%

   Announcement of Q1 2026 results release date and conference call details.

3. Apr 15

   Business update

   24h Move

   +2.8%

   Update on Q1 2026 fleet TCE metrics and early Q2 booking levels.

4. Mar 30

   Fleet modernization

   24h Move

   -0.9%

   Delivery of new VLCC and sale of older vessel as part of fleet renewal.

5. Mar 19

   Annual filing

   24h Move

   -3.3%

   Filing of 2025 Form 20-F and audited financial statements with SEC.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

revolving credit facility, SOFR, basis points, accordion

4 terms

revolving credit facility financial

"entered into a new $250 million reducing revolving credit facility (the “Facility”)."

A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.

SOFR financial

"bears interest at SOFR plus a margin of 135 basis points."

The Secured Overnight Financing Rate (SOFR) is a market benchmark that measures the cost of borrowing cash overnight using U.S. Treasury securities as collateral. Investors watch SOFR because it acts like a speedometer for short-term interest costs—affecting loan rates, bond yields and the pricing of interest-rate contracts—so movements change borrowing expenses, cash returns and the value of interest-sensitive investments.

basis points financial

"bears interest at SOFR plus a margin of 135 basis points."

Basis points are a way to measure small changes in interest rates or percentages, where one basis point equals 0.01%. For example, if a loan's interest rate increases by 50 basis points, it's gone up by 0.50%. They help people understand tiny differences in rates that can add up over time, making financial comparisons clearer.

accordion financial

"Additionally, it includes a $250 million uncommitted accordion."

An accordion is a built‑in option in a financing agreement or corporate charter that lets a company expand or shrink the size of a loan, credit line, or authorized securities without starting a whole new approval process. Investors care because using the accordion can change how much debt a company carries or dilute existing shareholders when more shares are issued — think of it like expandable luggage that makes room when needed but can alter how your belongings are arranged.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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HAMILTON, BERMUDA, June 4, 2026 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today announced that it has entered into a new $250 million reducing revolving credit facility (the “Facility”).

The Facility has a seven-year tenor and bears interest at SOFR plus a margin of 135 basis points. It has a final maturity in June 2033 and a 20-year repayment profile. Additionally, it includes a $250 million uncommitted accordion.

The new Facility enhances the Company’s financial flexibility, extends its debt maturity profile, and further optimizes its capital structure.

Nordea Bank Abp has arranged the Facility and will act as Agent and Security Agent. The syndicate of lenders comprises ING Bank N.V., DNB Bank ASA, ABN AMRO Bank N.V., Crédit Agricole Corporate and Investment Bank, Danish Ship Finance A/S, and Skandinaviska Enskilda Banken AB.

Svein Moxnes Harfjeld, President & Chief Executive Officer of DHT, commented:
“We are pleased to complete this refinancing together with our strong and supportive group of leading shipping banks. The Facility strengthens our liquidity profile and extends maturities at attractive terms.”

The Facility will be available for general corporate purposes, including refinancing of existing indebtedness.

About DHT Holdings, Inc.
DHT is an independent crude oil tanker company. Our fleet trades internationally and consists of crude oil tankers in the VLCC segment. We operate through our integrated management companies in Monaco, Norway, Singapore, and India. You may recognize us by our renowned business approach as an experienced organization with focus on first rate operations and customer service; our quality ships; our prudent capital structure that promotes staying power through the business cycles; our fleet employment with a combination of market exposure and fixed income contracts; our disciplined capital allocation strategy through cash dividends, investments in vessels, debt prepayments and share buybacks; and our transparent corporate structure maintaining a high level of integrity and corporate governance. For further information please visit www.dhtankers.com.

Forward Looking Statements
This press release contains certain forward-looking statements and information relating to the Company that are based on beliefs of the Company’s management as well as assumptions, expectations, projections, intentions and beliefs about future events. When used in this document, words such as “believe,” “intend,” “anticipate,” “estimate,” “project,” “forecast,” “plan,” “potential,” “will,” “may,” “should” and “expect” and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. These statements reflect the Company’s current views with respect to future events and are based on assumptions and subject to risks and uncertainties. Given these uncertainties, you should not place undue reliance on these forward-looking statements. These forward-looking statements represent the Company’s estimates and assumptions only as of the date of this press release and are not intended to give any assurance as to future results. For a detailed discussion of the risk factors that might cause future results to differ, please refer to the Company’s Annual Report on Form 20-F, filed with the SEC on March 19, 2026.

The Company undertakes no obligation to publicly update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, except as required by law. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release might not occur, and the Company’s actual results could differ materially from those anticipated in these forward-looking statements.

Contact:
Laila C. Halvorsen, CFO
Phone: +1 441 295 1422 and +47 984 39 935
E-mail: lch@dhtankers.com

 

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did DHT (NYSE:DHT) announce about its new $250 million revolving credit facility on June 4, 2026?

DHT announced a new $250 million reducing revolving credit facility. According to DHT, the facility is designed to enhance financial flexibility, extend the company’s debt maturity profile, and optimize its capital structure while supporting general corporate purposes and potential refinancing needs.

What are the key terms of DHT (NYSE:DHT)'s new revolving credit facility maturing in June 2033?

The facility has a seven-year tenor, final maturity in June 2033, and a 20-year repayment profile. According to DHT, it bears interest at SOFR plus 135 basis points, providing a structured and long-dated financing framework for the company.

How does the new $250 million credit facility affect DHT (NYSE:DHT)'s liquidity and capital structure?

The facility is expected to strengthen DHT’s liquidity profile and extend its debt maturities. According to DHT, this financing enhances financial flexibility and further optimizes the company’s capital structure by supporting general corporate purposes and refinancing of existing indebtedness.

What is the $250 million uncommitted accordion in DHT (NYSE:DHT)'s new credit facility?

The facility includes a $250 million uncommitted accordion, allowing potential additional borrowing capacity subject to lender approval. According to DHT, this feature can provide extra flexibility for future financing needs without immediately increasing drawn debt levels.

Who arranged DHT (NYSE:DHT)'s new revolving credit facility and which banks are in the syndicate?

Nordea Bank arranged the facility and will act as Agent and Security Agent. According to DHT, the lending syndicate includes ING Bank, DNB Bank, ABN AMRO, Crédit Agricole CIB, Danish Ship Finance, and Skandinaviska Enskilda Banken.

What will DHT (NYSE:DHT) use its new $250 million revolving credit facility for?

The facility will be available for general corporate purposes, including refinancing existing indebtedness. According to DHT, this flexible use of proceeds supports ongoing operational needs, balance sheet management, and potential refinancing activities across its capital structure.