DHT Holdings (NYSE:DHT) has secured commitment to a $50M financing for its earlier publicized scrubber retrofit project, structured through an increase of the existing $300M secured credit facility entered in 2Q17.
The increased facility will bear the same interest rate equal to Libor + 2.40% and will have quarterly repayments of $2.5M commencing 2Q20, aligned with the implementation of IMO2020 and expected economic benefits. Other terms and conditions remain unchanged.
All seven banks in the existing facility, participated in the increased facility: Nordea, ABN Amro, Danish Ship Finance, DNB, ING, SEB and Swedbank.
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