DHT Holdings To Raise $150 Mln In Common Stock Offering

(RTTNews) - Crude oil tanker company DHT Holdings, Inc. (DHT) Wednesday said it has entered into definitive agreements with investors to purchase an aggregate of 23.08 million shares of its common stock at a price of  $6.50 per share in a registered direct offering.

Net proceeds to DHT are expected to be around $145.5 million after the payment of placement agent fees. The offering is expected to close on September 15.

DHT intends to use the net proceeds, together with the net proceeds of certain private convertible debt financing, to fund its acquisition of Samco Shipholding Pte. Ltd., the expansion of its fleet, its pending vessel acquisitions and shipbuilding contracts and for other general corporate purposes.

RS Platou Markets, Inc. is acting as lead manager and bookrunner, and RS Platou Markets AS and Fearnley Securities AS are acting as placement agents.