Ship Finance suspends $400 million 10-year notes offering due to weakening market conditions

By Paul A. Harris

St. Louis, Nov. 22 - Ship Finance International Ltd. suspended its $400 million public offering of non-callable 10-year senior notes due to weakening market conditions, according to a Monday press release.

Jefferies & Co. and Goldman Sachs & Co. are the joint bookrunners.

The Hamilton, Bermuda-based maritime company planned to use the proceeds to repay debt, including tendering for its senior notes due 2013. That tender offer was also withdrawn on Monday.

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