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Stock Market & Financial Investment News

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May 21, 2014
09:09 EDTDHTDHT Holdings announces financing for four VLCC newbuildings
DHT Holdings announced that it has entered into firm commitments for the debt financing of four of its newbuildings ordered at Hyundai Heavy Industries. The financing equals about 50% of the contract prices with an average margin above Libor of 2.5%. Assuming a Libor of 0.25% the average total debt service per vessel per day is estimated to about $11,100 in the first year after drawdown. The financing commitments are subject to final documentation.
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