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Stock Market & Financial Investment News

News Breaks
April 2, 2012
06:28 EDTDHTDHT Holdings commences backstopped equity offering to stockholders
DHT Holdings announced that it has commenced its previously announced backstopped equity offering of shares of the company's common stock and preferred stock. Pursuant to the backstopped equity offering, DHT will offer 51,785,800 shares of common stock and 258,929 shares of preferred stock only to holders of record of its common stock as of the close of business on March 29. As soon as practicable, the company will commence the mailing of an offering subscription package to Record Date Holders. DHT intends to raise gross proceeds of $72.5Mn through the backstopped equity offering and use the proceeds to prepay certain debt under its existing credit facilities and provide it with the capital to pursue vessel acquisition and other growth opportunities.
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