DHT Holdings announces $250 million credit facility to enhance financial flexibility and extend debt maturity profile.
Quiver AI Summary
DHT Holdings, Inc. announced the establishment of a new $250 million reducing revolving credit facility, which has a seven-year term with interest set at SOFR plus 135 basis points. This facility aims to enhance the company’s financial flexibility and extends its debt maturity profile with a repayment structure spanning 20 years and a final maturity in June 2033. Nordea Bank arranged the facility, supported by a syndicate of leading banks. DHT’s CEO, Svein Moxnes Harfjeld, expressed satisfaction with the refinancing outcome, highlighting the positive impact on liquidity and maturity terms. The funds will be utilized for general corporate purposes, including refinancing existing debts.
Potential Positives
- DHT Holdings has secured a new $250 million revolving credit facility, enhancing the company's financial flexibility.
- The facility extends the debt maturity profile with a seven-year tenor and 20-year repayment structure, providing stability for the company.
- The partnership with a reputable syndicate of leading banks reinforces DHT's credibility in the financial markets.
- The availability of funds for general corporate purposes may enable strategic investments and refinancing of existing debts, potentially strengthening the company's financial position.
Potential Negatives
- The press release relies heavily on forward-looking statements, which indicates potential uncertainty in the company's future performance and could lead to doubt among investors.
- The company has taken on a new $250 million debt facility, which may raise concerns about its overall debt levels and financial stability, especially if the funds are used primarily for refinancing existing debt.
- The dependency on external banks for financing may suggest vulnerability to shifts in lending conditions or credit availability in future market environments.
FAQ
What is the new credit facility announced by DHT Holdings?
DHT Holdings has secured a $250 million reducing revolving credit facility with a seven-year term to enhance financial flexibility.
Who arranged the credit facility for DHT Holdings?
The credit facility was arranged by Nordea Bank Abp, which will also serve as the Agent and Security Agent.
What is the maturity profile of the new facility?
The facility has a final maturity in June 2033 and offers a 20-year repayment profile.
What will the funds from the facility be used for?
The funds will be available for general corporate purposes, including refinancing existing indebtedness.
How does this facility impact DHT's financial position?
This facility strengthens DHT's liquidity profile and extends its debt maturity at attractive terms.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$DHT Hedge Fund Activity
We have seen 178 institutional investors add shares of $DHT stock to their portfolio, and 148 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MILLENNIUM MANAGEMENT LLC added 3,725,241 shares (+1736.7%) to their portfolio in Q1 2026, for an estimated $68,190,536
- ACADIAN ASSET MANAGEMENT LLC added 3,142,238 shares (+3766.9%) to their portfolio in Q1 2026, for an estimated $57,518,666
- WASATCH ADVISORS LP removed 2,127,983 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $38,952,728
- DME CAPITAL MANAGEMENT, LP removed 2,093,894 shares (-28.4%) from their portfolio in Q1 2026, for an estimated $38,328,729
- AMERICAN CENTURY COMPANIES INC removed 1,940,786 shares (-38.7%) from their portfolio in Q1 2026, for an estimated $35,526,087
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 1,836,892 shares (+74.1%) to their portfolio in Q1 2026, for an estimated $33,624,308
- BLACKROCK, INC. added 1,586,653 shares (+22.5%) to their portfolio in Q1 2026, for an estimated $29,043,683
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$DHT Analyst Ratings
Wall Street analysts have issued reports on $DHT in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- BTIG issued a "Buy" rating on 02/04/2026
To track analyst ratings and price targets for $DHT, check out Quiver Quantitative's $DHT forecast page.
$DHT Price Targets
Multiple analysts have issued price targets for $DHT recently. We have seen 2 analysts offer price targets for $DHT in the last 6 months, with a median target of $21.0.
Here are some recent targets:
- Gregory Lewis from BTIG set a target price of $23.0 on 04/22/2026
- Jonathan Chappell from Evercore ISI Group set a target price of $19.0 on 04/22/2026
Full Release
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: [email protected]