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DHT Holdings raising $300m from share offering and bond issue

DHT Holdings is raising $150m from a stock offering and selling $150m worth of bonds to part fund its acquisition of Samco Shipholdings and other fleet expansion plans.

Marcus Hand, Editor

September 10, 2014

1 Min Read
Kalyakan - stock.adobe.com

New York-listed DHT said it had reached agreement with investors to purchase 23,076,924 shares at a price of $6.50 per share. DHT said it would receive net proceeds of $145m after fees.The company also said it was selling $150m in senior convertible notes due in 2019 to institutional buyers. Net proceeds from the issue will also be $145m.

DHT is buying Samco for $317m and will acquire a fleet of seven VLCCs and a 50% stake in Goodwood Shipmanagement in Singapore.

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About the Author

Marcus Hand

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

See more from Marcus Hand
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