DHT Holdings says that a previously disclosed $50m revolver with ABN Amro will be backed with mortgages on two VLCCs, according to a securities filing.
DHT, which received an unsolicited takeover bid from larger peer Frontline, said in its third-quarter earnings call last November it entered the five year revolving credit facility with ABN Amro "for general corporate purposes including security repurchases and acquisition of ships."
