DHT Holdings, Inc. announced it has secured a $308.4 million senior secured credit facility for the post-delivery financing of its four newbuildings. These vessels are currently under construction at Hyundai Samho Heavy Industries and Hanwha Ocean in South Korea and are scheduled for delivery during the first half of 2026. This financing is crucial for the company's fleet expansion program.
The credit facility was co-arranged by ING Bank and Nordea Bank Abp, with ING Bank serving as Coordinator, Facility Agent, Security Agent, and ECA Agent. The facility bears interest at a rate equal to SOFR plus a weighted average margin of 1.32%, indicating competitive financing terms.
The maturity date for the facility in relation to each vessel is 12 years from its delivery date, with a 20-year repayment profile. President & CEO Svein Moxnes Harfjeld stated that this agreement underscores confidence from banking partners and K-Sure in DHT's long-term strategy and advances its fleet renewal and expansion, enhancing service offerings to customers.
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