DHT trims conversion price on 4.5% convertibles due 2021

By Wendy Van Sickle

Columbus, Ohio, May 18 – DHT Holdings, Inc. adjusted the conversion price for its 4.5% convertible senior notes due 2021, according to a news release.

Effective Feb. 14, the conversion price for the notes is $5.37 per share, lowered from $5.648 per share.

The adjustment was made in connection with a cash dividend of $0.35 per share to be paid on May 26 to holders of record as of the close of business on May 19.

The new conversion rate is 187.0208 shares of common stock per $1,000 principal amount of notes.

DHT Holdings is a Hamilton, Bermuda, operator of crude oil tankers.

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