By Wendy Van Sickle
Columbus, Ohio, Jan. 18 – SFL Corp. Ltd. issued $150 million of 8 7/8% senior sustainability-linked notes due February 2027 at 99.58, according to a company notice.
Arctic Securities and DNB Markets are the bookrunners. SEB was joint lead manager.
Proceeds will be used to refinance existing bonds and for general corporate purposes.
Formerly Ship Finance International Ltd., SFL is an owner and operator of vessels and offshore assets. The company is based in Hamilton, Bermuda.
| Issuer: | SFL Corp.
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| Amount: | $150 million
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| Issue: | Senior sustainability-linked bonds
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| Maturity: | Feb. 1, 2027
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| Bookrunners: | Arctic Securities and DNB Markets
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| Joint lead manager: | SEB
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| Co-managers: | SMBC Nikko, Credit Agricole CIB and Sparebank1 Markets
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| Coupon: | 8 7/8%
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| Price: | 99.58
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| Announcement date: | Jan. 18
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