DHT trims conversion price on 4.5% convertibles due 2021

By Wendy Van Sickle

Columbus, Ohio, Nov. 6 – DHT Holdings, Inc. adjusted the conversion price for its 4.5% convertible senior notes due 2021, according to a news release.

Effective Nov. 6, the conversion price for the notes is $5.9825 per share, lowered from $6.0442 per share.

The adjustment was made in connection with cash dividends of $0.02 per share paid on Aug. 29 to holders of record as of the close of business on Aug. 22 and $0.05 per share to be paid on Nov. 14 to holders of record as of the close of business on Nov. 7.

The new conversion rate is 167.1542 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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