Ship Finance announces $100 million bond offer in Norwegian market

By Paul A. Harris

Portland, Ore., Oct. 9 - Ship Finance International Ltd. announced in a Tuesday press release that it intends to issue new bonds in the Norwegian bond market with maturity in October 2017 and a minimum borrowing amount equivalent to roughly $100 million.

The deal, coming via Rule 144A and Regulation S, is being led by Swedbank First Securities.

The proceeds are expected to be used to refinance existing debt and for general corporate purposes.

The company, which is registered in Hamilton, Bermuda, is a ship-owning company with diverse asset bases across the maritime and offshore industries.

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