SFL - Announces Sucessful Placing of NOK Denominated Bonds due 2020
10 June 2017 - 1:04AM
Ship Finance International Limited
(NYSE: SFL) (the "Company") announced today that it has
successfully placed NOK 500 million NIBOR+4.75% senior unsecured
bonds due June 2020. An application will be made for the bonds to
be listed on the Oslo Stock Exchange. The net proceeds from the
bond issuance will be used to repay existing indebtedness.
Danske Bank, DNB Markets and
Nordea acted as Joint Lead Managers for the issuance.
June 9, 2017
The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda
Questions can be directed to Ship
Finance Management AS:
Investor and
Analyst Contacts:
Harald Gurvin, Chief Financial Officer, Ship Finance Management
AS
+47 23 11 40 09
André Reppen, Senior Vice President, Ship Finance Management
AS
+47 23 11 40 55
Media Contact:
Ole B. Hjertaker, Chief Executive Officer, Ship Finance Management
AS
+47 23 11 40 11
About Ship
Finance
Ship Finance International Limited
(NYSE: SFL) has an unprecedented track record in the maritime
industry, being consistently profitable and paying dividends every
quarter since 2004. The Company's fleet of more than 70 vessels is
split between tankers, bulkers, container vessels and offshore
assets, and Ship Finance'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.shipfinance.bm
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 Ship Finance management's examination of
historical operating trends. Although Ship Finance 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, Ship Finance 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 this
presentation include the strength of world economies and
currencies, general market conditions including fluctuations in
charter hire rates and vessel values, changes in demand in the
tanker market as a result of changes in OPEC's petroleum production
levels and worldwide oil consumption and storage, changes in the
Company's operating expenses including bunker prices, dry-docking
and insurance costs, changes in governmental rules and regulations
or actions taken by regulatory authorities, potential liability
from pending or future litigation, general domestic and
international political conditions, potential disruption of
shipping routes due to accidents or political events, and other
important factors described from time to time in the reports filed
by the Company with the United States Securities and Exchange
Commission.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Ship Finance International Limited via
Globenewswire
SFL (NYSE:SFL)
Historical Stock Chart
From Apr 2024 to May 2024
SFL (NYSE:SFL)
Historical Stock Chart
From May 2023 to May 2024