DHT Holdings, Inc. Announces $305 Million Financing

January 10, 2023

By Bloomberg


HAMILTON, BERMUDA, January 9, 2023 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today announces a new $305 million secured credit facility. It is in line with the “DHT-style financing” including a six-year tenor and a 20-year repayment profile. The new facility will bear interest at a rate equal to Secured Overnight Financing Rate (SOFR) plus a margin of 1.90%, including the historical Credit Adjustment Spread (CAS) of 26 basis points. The cost of the facility compares to a Libor equivalent margin of 164 basis points, representing a reduction in the Company’s borrowing cost. The new facility will refinance the outstanding amount on the current ABN Amro credit facility and be secured by 10 of the Company’s VLCCs.

ING and Nordea are acting as  joint coordinators  and bookrunners  with  ING, Nordea, Crédit  Agricole,  Danish  Ship  Finance  and  SEB  as  mandated  lead arrangers. ING  will  act  as  agent  for  the  credit  facility,  which   was oversubscribed.

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  and Singapore. 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 combination of market  exposure and fixed income contracts for our fleet; our counter cyclical philosophy with respect to investments, employment of  our fleet, and capital allocation;  and our transparent corporate structure maintaining a high level of integrity  and good 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 DHT’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 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 25, 2022. 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