Stolt-Nielsen Limited Contemplates New Bond Issue
(Thomson Reuters ONE) -
London, August 23, 2012 - Stolt-Nielsen Limited (Oslo Børs: SNI) is
contemplating the issuance of up to NOK 1 billion (approximately USD 175
million) of new senior unsecured bonds in the Norwegian bond market. The
issuance would include NOK 400 - 500 million of new seven-year bonds and an
increase of the existing SNI02 (ISIN NO0010640766) and/or SNI03 (ISIN
NO0010640774) bonds maturing on March 19, 2015 and March 19, 2018,
respectively. Proceeds would be used to repay debt and for general corporate
purposes.
The offering will be made to (i) Norwegian professional investors and eligible
counterparties as defined in the Norwegian Securities Trading Regulations
Sections 10-2 to 10-4, (ii) to non-"United States persons" in "offshore
transactions" within the meaning of Rule 902 under the Securities Act of 1933,
as amended (the "Securities Act"), and (iii) "Qualified Institutional Buyers"
pursuant to Rule 144A of the Securities Act. The bonds may not be purchased by,
or for the benefit of, persons resident in Canada.
DNB Markets, Nordea Markets and Swedbank First Securities have been appointed as
joint lead managers in connection with the potential transaction.
For further information, please contact:
DNB Markets
+47 22 01 77 46
Nordea Markets
+47 22 48 77 82
Swedbank First Securities
+47 23 11 62 73
SNL Contacts:
Jan Chr. Engelhardtsen
Chief Financial Officer
U.K. +44 (0) 20 7611 8972
j.engelhardtsen(at)stolt.com
Jens F. Grüner-Hegge
V.P. Corporate Finance
U.K. +44 (0) 20 7611 8985
j.gruner-hegge(at)stolt.com
About Stolt-Nielsen Limited
Stolt-Nielsen Limited (SNL or the "Company") is a leading global provider of
integrated transportation solutions for bulk liquid chemicals, edible oils,
acids, and other specialty liquids through its three largest business divisions,
Stolt Tankers, Stolthaven Terminals and Stolt Tank Containers. Stolt Sea Farm
produces and markets high quality turbot, sole, sturgeon, and caviarStolt-
Nielsen Gas, through its investment in Avance Gas Holdings Ltd., transports
liquefied petroleum gas (LPG) with a fleet of very large gas carriers (VLGCs).
Stolt-Nielsen Limited is listed on the Oslo Stock Exchange.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Stolt-Nielsen Limited via Thomson Reuters ONE
[HUG#1635732]
Unternehmensinformation / Kurzprofil:
Datum: 23.08.2012 - 08:55 Uhr
Sprache: Deutsch
News-ID 177027
Anzahl Zeichen: 3268
contact information:
Town:
London
Kategorie:
Business News
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"Stolt-Nielsen Limited Contemplates New Bond Issue"
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