SFL - Fixed Income Investor Meetings
Rhea-AI Summary
SFL (NYSE: SFL) has announced the commencement of fixed income investor meetings starting January 9th, organized by Arctic Securities, Fearnley Securities, Pareto Securities, and SEB. The company is considering a potential USD denominated senior unsecured sustainability-linked bond offering, subject to market conditions.
If the bond offering proceeds, the net proceeds will be allocated for general corporate purposes. This initiative represents SFL's approach to potentially expanding its financing options while incorporating sustainability considerations into its funding strategy.
Positive
- Potential expansion of funding sources through new bond offering
- Integration of sustainability-linked features in financing strategy
- Engagement with multiple reputable financial institutions
Negative
- Potential increase in debt obligations
- Additional interest payment commitments if bond offering proceeds
SFL Corporation Ltd. (NYSE: SFL) (the "Company" or "SFL") has engaged Arctic Securities, Fearnley Securities, Pareto Securities and SEB to arrange a series of fixed income investor meetings commencing today, January 9th. A USD denominated senior unsecured sustainability-linked bond offering may follow, subject to, inter alia, market conditions.
Net proceeds from any contemplated bond issuance will intendedly be used for general corporate purposes.
January 9, 2025
The Board of Directors
SFL Corporation Ltd.
Hamilton, Bermuda
Investor and Analyst Contacts:
Espen Nilsen Gjøsund, Vice President - Investor Relations, SFL Management AS
+47 47 50 05 00
Aksel Olesen, Chief Financial Officer, SFL Management AS
+47 23 11 40 36
Media Contact:
Ole B. Hjertaker, Chief Executive Officer, SFL Management AS +47 23 11 40 11
About SFL
SFL has a unique track record in the maritime industry and has paid dividends every quarter since its initial listing on the New York Stock Exchange in 2004. The Company's fleet of vessels is comprised of tanker vessels, bulkers, container vessels, car carriers and offshore drilling rigs. SFL's long term distribution capacity is supported by a portfolio of long term charters and significant growth in the asset base over time. More information can be found on the Company's website: www.sflcorp.com
Cautionary Statement Regarding Forward Looking Statements
This press release may contain forward looking statements. These statements are based upon various assumptions, many of which are based, in turn, upon further assumptions, including SFL management's examination of historical operating trends, data contained in the Company's records and other data available from third parties. Although SFL believes that these assumptions were reasonable when made, because assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond its control, SFL cannot give assurance that it will achieve or accomplish these expectations, beliefs or intentions.
Important factors that, in the Company's view, could cause actual results to differ materially from those discussed in the forward looking statements include the strength of world economies, fluctuations in currencies and interest rates, general market conditions in the seaborne transportation industry, which is cyclical and volatile, including fluctuations in charter hire rates and vessel values, changes in demand in the markets in which the Company operates, including shifts in consumer demand from oil towards other energy sources or changes to trade patterns for refined oil products, changes in market demand in countries which import commodities and finished goods and changes in the amount and location of the production of those commodities and finished goods, technological innovation in the sectors in which we operate and quality and efficiency requirements from customers, increased inspection procedures and more restrictive import and export controls, changes in the Company's operating expenses, including bunker prices, dry-docking and insurance costs, performance of the Company's charterers and other counterparties with whom the Company deals, the impact of any restructuring of the counterparties with whom the Company deals, and timely delivery of vessels under construction within the contracted price, governmental laws and regulations, including environmental regulations, that add to our costs or the costs of our customers, potential liability from pending or future litigation, potential disruption of shipping routes due to accidents, political instability, terrorist attacks, piracy or international hostilities, the length and severity of the ongoing coronavirus outbreak and governmental responses thereto and the impact on the demand for commercial seaborne transportation and the condition of the financial markets, and other important factors described from time to time in the reports filed by the Company with the United States Securities and Exchange Commission. SFL disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
FAQ
What is the purpose of SFL's fixed income investor meetings announced on January 9th?
Which financial institutions are arranging SFL's investor meetings?
What type of bond is SFL considering to issue?
How does SFL plan to use the proceeds from the potential bond offering?
When did SFL begin its fixed income investor meetings?
