SFL - Successful Placement of 5-year Senior Unsecured Sustainability-Linked Bonds
SFL (NYSE: SFL) has successfully placed USD 150 million in senior unsecured sustainability-linked bonds with a maturity date of January 29, 2030. The bonds will feature a quarterly coupon rate of 7.75% per annum and will be issued at 99.50% of face value.
The net proceeds from this bond issuance are intended for general corporate purposes. The placement was facilitated by Arctic Securities, Fearnley Securities, Pareto Securities, and SEB as Joint Bookrunners, while ABN Amro and SMBC served as Co-Managers.
SFL (NYSE: SFL) ha collocato con successo 150 milioni di USD in obbligazioni senior non garantite collegate alla sostenibilità, con una scadenza del 29 gennaio 2030. Le obbligazioni presenteranno un tasso di interesse trimestrale del 7,75% per anno e saranno emesse al 99,50% del valore nominale.
I proventi netti di questa emissione obbligazionaria sono destinati a scopi aziendali generali. La collocazione è stata facilitata da Arctic Securities, Fearnley Securities, Pareto Securities e SEB in qualità di Joint Bookrunners, mentre ABN Amro e SMBC hanno svolto il ruolo di Co-Managers.
SFL (NYSE: SFL) ha colocado exitosamente 150 millones de USD en bonos sostenibles no garantizados de senioría, con una fecha de vencimiento del 29 de enero de 2030. Los bonos contarán con una tasa de cupón trimestral del 7,75% anual y se emitirán al 99,50% del valor nominal.
Los ingresos netos de esta emisión de bonos están destinados a fines corporativos generales. La colocación fue facilitada por Arctic Securities, Fearnley Securities, Pareto Securities y SEB como Joint Bookrunners, mientras que ABN Amro y SMBC actuaron como Co-Managers.
SFL (NYSE: SFL)은 1억 5천만 달러의 지속 가능한 연계 미지급 선순위 채권을 성공적으로 발행하였으며, 만기일은 2030년 1월 29일입니다. 채권은 연간 7.75%의 분기 쿠폰 금리를 가질 것이며, 만기 시가의 99.50%로 발행됩니다.
이 채권 발행의 순수익은 일반 기업 목적에 사용될 예정입니다. 발행은 Arctic Securities, Fearnley Securities, Pareto Securities, 및 SEB가 공동 주관사로서 지원하였고, ABN Amro와 SMBC는 공동 관리자로 활동하였습니다.
SFL (NYSE: SFL) a réussi à placer 150 millions USD d'obligations senior non sécurisées liées à la durabilité, avec une date d'échéance fixée au 29 janvier 2030. Les obligations présenteront un taux de coupon trimestriel de 7,75% par an et seront émises à 99,50% de leur valeur nominale.
Les produits nets de cette émission obligataire sont destinés à des fins d'entreprise générales. La placement a été facilité par Arctic Securities, Fearnley Securities, Pareto Securities et SEB en tant que Joint Bookrunners, tandis que ABN Amro et SMBC ont agi en tant que Co-Managers.
SFL (NYSE: SFL) hat erfolgreich 150 Millionen USD in unbesicherten, nachhaltigkeitsgebundenen Senior-Anleihen platziert, die am 29. Januar 2030 fällig werden. Die Anleihen haben einen vierteljährlichen Kupon von 7,75% pro Jahr und werden zu 99,50% des Nennwerts ausgegeben.
Die Nettoerlöse aus dieser Anleiheemission sind für allgemeine Unternehmenszwecke vorgesehen. Die Platzierung wurde von Arctic Securities, Fearnley Securities, Pareto Securities und SEB als Joint Bookrunner unterstützt, während ABN Amro und SMBC als Co-Manager tätig waren.
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SFL Corporation Ltd. (NYSE: SFL) (the "Company" or "SFL") today successfully placed USD 150 million senior unsecured sustainability-linked bonds due January 29, 2030. The bonds will pay a quarterly coupon of 7.75 % per annum and be issued at a price of
Net proceeds from the bond issuance will intendedly be used for general corporate purposes.
Arctic Securities, Fearnley Securities, Pareto Securities and SEB acted as Joint Bookrunners in the placement of the bond offering. ABN Amro and SMBC acted as Co-Managers.
January 15, 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 value and interest rate of SFL's new sustainability-linked bonds issued in 2024?
When will SFL's new sustainability-linked bonds mature?
What is the issue price of SFL's 2024 sustainability-linked bonds?
How will SFL use the proceeds from its 2024 sustainability-linked bond offering?
Which financial institutions acted as bookrunners for SFL's 2024 bond placement?
