By Marisa Wong
Los Angeles, April 5 – SFL Corp. Ltd. placed $150 million of 8¼% senior sustainability-linked bonds due April 19, 2028, according to a press release.
Net proceeds will be used to refinance existing bonds and for general corporate purposes.
Arctic Securities and DNB Markets acted as joint bookrunners.
The company had held investor meetings on Tuesday ahead of the offering, as previously reported.
An application will be made for the bonds to be listed on the Oslo Stock Exchange.
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. Ltd.
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| Amount: | $150 million
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| Issue: | Senior sustainability-linked bonds
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| Maturity: | April 19, 2028
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| Bookrunners: | Arctic Securities and DNB Markets
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| Co-managers: | Fearnley Securities, Pareto Securities, SEB and SMBC Nikko
|
| Coupon: | 8¼%
|
| Trade date: | April 5
|
| Listing: | Oslo
|
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