Term Securities Lending Facility

DHT Holdings, Inc. announces $305 million financing

Retrieved on: 
Monday, January 9, 2023
ING, SOFR, DHT, Term Securities Lending Facility, NYSE, SEB, ABN AMRO, CAS, Libor, Security (finance), Property management, Bank, Nordea

HAMILTON, BERMUDA, January 9, 2023 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today announces a new $305 million secured credit facility.

Key Points: 
  • HAMILTON, BERMUDA, January 9, 2023 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today announces a new $305 million secured credit facility.
  • It is in line with the “DHT-style financing” including a six-year tenor and a 20-year repayment profile.
  • The new facility will bear interest at a rate equal to Secured Overnight Financing Rate (SOFR) plus a margin of 1.90%, including the historical Credit Adjustment Spread (CAS) of 26 basis points.
  • The new facility will refinance the outstanding amount on the current ABN Amro credit facility and be secured by 10 of the Company’s VLCCs.

KBRA Analytics Releases The Bank Treasury Newsletter, the Bank Treasury Chart Deck, and Bank Talk: The After-Show

Retrieved on: 
Monday, August 23, 2021
Banking, Professional Services, Finance, Industry, Bloomberg, SOFR, Pressure, Logic, ARRC, Office of Financial Research, London Interbank Bid Rate, Term Securities Lending Facility, Research, Finance, American, RRP, SOMA, Bank, MBS, Fed

KBRA Analytics releases this months edition of The Bank Treasury Newsletter, the Bank Treasury Chart Deck, and Bank Talk: The After-Show.

Key Points: 
  • KBRA Analytics releases this months edition of The Bank Treasury Newsletter, the Bank Treasury Chart Deck, and Bank Talk: The After-Show.
  • Given the continued inflow of deposits, particularly noninterest bearing deposits, some even see the logic of increasing duration and reducing their asset sensitivity.
  • Bank treasurers have mixed views on the use of alternative credit-sensitive indices, including the Bloomberg Short-Term Bank Yield (BSBY) index and American Interbank Offered Rate (Ameribor).
  • Broadly, Ethan and Van also discuss how the surge of deposits into the banking system has reduced the correlations in these regressions.