SFL Corporation Ltd. (NYSE: NYSE:) (the “Company” or “SFL”) today successfully placed $150 million of senior unsecured sustainability-linked notes due January 29, 2030. The notes will pay a quarterly coupon of 7.75% per annum and be issued at a price of 99.50%.
The net proceeds from the bond issue will be used intentionally for general corporate purposes.
Arctic Securities, Fearnley Securities, Pareto Securities and SEB acted as Joint Bookrunners in the placement of the bond offering. ABN Amro and SMBC acted as co-managers.
January 15, 2025
Board of Directors
SFL Corporation Ltd.
Hamilton, Bermuda
Contacts of investors and analysts:
Espen Nilsen Gjøsund, Vice President – Investor Relations, SFL Management AS
+47 47 50 05 00
Aksel Olesen, Chief Financial Officer, SFL Management AS
+47 23 11 40 36
Media contact:
Ole B. Hjertaker, Chief Executive Officer, SFL Management AS +47 23 11 40 11
About SFL
SFL has a unique track record in the maritime industry and has paid a dividend every quarter since its initial listing on the New York Stock Exchange in 2004. The fleet consists of tankers, bulkers, container ships, car carriers and offshore drilling and rigging vessels. SFL’s long-term distribution capacity is supported by a portfolio of long-term contracts and significant asset base growth over time. More information can be found on the Company’s website: www.sflcorp.com
Cautionary Statement Regarding Forward-Looking Statements
This press release may contain forward-looking statements. These statements are based on various assumptions, many of which are based on further assumptions, including SFL management’s examination of historical business trends, information contained in the Company’s records and other information available from third parties. Although SFL believes that these assumptions were reasonable when made, because assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and beyond its control, SFL cannot guarantee that it will achieve or meet these expectations, beliefs or intentions.
Important factors that, in the Company’s opinion, could cause actual results to differ materially from those discussed in forward-looking statements include the strength of world economies, currency and interest rate fluctuations, general market conditions in the shipping industry, which is cyclical and variable, including fluctuations in charter rates and vessel values, changes in demand in the markets in which the Company operates, including changes in consumer demand from oil to other energy sources or changes in trade patterns for refined petroleum products, changes in market demand in countries that import goods and finished products and changes in the quantity and place of production of these products and finished products, technological innovations in the sectors in which we manage and customer demands for quality and efficiency, increased inspection procedures and more restrictive import and export controls, changes in the Company’s operating costs, including bunker prices, dry docking and insurance costs, the performance of the Company’s charterers and other contractual parties with whom the Company operates, the impact of any restructuring of the contractual parties with whom the Company operates and the timely delivery of vessels under construction within the contract price, government laws and regulations, including environmental regulations, that increase our costs or our customers’ costs, potential liability due to pending or future litigation, potential disruptions to shipping routes due to accidents, political instability, terrorist attacks, piracy or international hostilities , the length and severity of the ongoing coronavirus outbreak and government responses thereto and the impact on commercial shipping demand and the state of financial markets and other important factors described from time to time in reports that was filed by the Company with the United States Securities and Exchange Commission. SFL disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
