DHT Holdings, Inc. announces that it has sent notice of its intention to redeem all of the Company’s outstanding 4.5% Convertible Senior Notes due 2021 (CUSIP No. 23335SAD8) (the “Securities”), on August 21, 2020 (the “Redemption Date”), at a price equal to (a) 100% of the principal amount of Securities being redeemed plus (b) accrued and unpaid interest, if any, to, but excluding, the Redemption Date. The Securities may be converted into shares of common stock of the Company at any time before the close of business on August 20, 2020, upon satisfaction of the requirements therefor set forth in the Indenture. The Conversion Rate for the Securities is 187.0208 shares of common stock per $1,000 principal amount of Securities.
The details concerning the terms and conditions of the redemption are fully described in the notice of redemption sent to holders of the Securities. This press release is not a notice of redemption. The redemption will be made solely pursuant to the notice of redemption.
This press release does not constitute an offer to buy or sell or the solicitation of an offer to sell or buy securities.
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, Singapore and Oslo, Norway. You shall recognize us by our business approach with an experienced organization with focus on first rate operations and customer service, quality ships built at quality shipyards, prudent capital structure to accommodate staying power through the business cycles, a combination of market exposure and fixed income contracts for our fleet, a counter cyclical philosophy with respect to investments, employment of our fleet and capital allocation and a transparent corporate structure maintaining a high level of integrity and good governance.
Source: DHT Holdings Inc.