DHT Holdings Inc. Secures Significant Financing for New VLCCs

DHT Holdings, Inc., an independent crude oil tanker company listed on the New York Stock Exchange, has recently secured substantial financing for its newbuilding Very Large Crude Carriers (VLCCs). This development is a significant step for the company, which operates in the oil, gas, and consumable fuels sector, providing transportation services to oil companies globally.

On July 30, 2025, DHT Holdings announced a $308.4 million senior secured credit facility aimed at financing the post-delivery of four new VLCCs. These vessels are currently under construction at Hyundai Samho Heavy Industries and Hanwha Ocean in South Korea, with delivery scheduled for the first half of 2026. The financing arrangement is co-arranged by ING Bank and Nordea Bank Abp, with ING Bank serving as the Coordinator, Facility Agent, Security Agent, and ECA Agent.

The credit facility bears interest at a rate equal to the Secured Overnight Financing Rate (SOFR) plus a weighted average margin of 1.32%. The maturity date for the facility in relation to each vessel is set at 12 years from the delivery date, with a 20-year repayment profile. The terms and conditions of this facility are broadly in line with DHT’s existing credit facilities.

Svein Moxnes Harfjeld, President & CEO of DHT Holdings, expressed satisfaction with the secured financing, highlighting its importance for the company’s growth and operational strategy. The successful arrangement of this credit facility underscores DHT’s strong financial position and its ability to secure favorable terms for its expansion plans.

As of July 29, 2025, DHT Holdings’ stock closed at $11.21, with a 52-week high of $12.32 and a low of $8.67. The company’s market capitalization stands at approximately $1.79 billion, and it maintains a price-to-earnings ratio of 10.278. This financial stability and strategic financing move position DHT Holdings well for future growth in the competitive oil tanker industry.