SFL - Successful Placement of Five Year Senior Unsecured Bonds
SFL .SFL .(US:SFL) GlobeNewswire News Room·2024-09-11 16:48

Group 1 - SFL Corporation Ltd. successfully placed NOK 750 million senior unsecured bonds due September 25, 2029, with a quarterly coupon of the 3-month Norwegian Interbank Offered Rate (NIBOR) + 3.25% per annum [1] - The net proceeds from the bond issuance will be used to call the existing NOK 600 million senior unsecured bonds maturing in January 2025 and for general corporate purposes [2] - SFL has notified Nordic Trustee AS to exercise the call option to redeem all outstanding existing bonds [3] Group 2 - SFL has maintained a unique track record in the maritime industry, paying dividends every quarter since its initial listing on the New York Stock Exchange in 2004 [4] - The company's fleet includes tanker vessels, bulkers, container vessels, car carriers, and offshore drilling rigs, supported by long-term charters and significant asset base growth [4]