SFL - Announces Public Offering
(Thomson Reuters ONE) -
Press Release from Ship Finance International Limited, June 17, 2013
Ship Finance International Limited ("Ship Finance" or the "Company") (NYSE: SFL)
today announced an underwritten public offering of 8,000,000 common shares. The
common shares are being offered pursuant to the Company's effective shelf
registration statement. The Company intends to use the net proceeds of this
offering to invest in new assets within the shipping and offshore sectors and
for general corporate purposes, including working capital.
Morgan Stanley is acting as the sole book-running manager for the offering. The
common shares purchased by the underwriter are expected to be offered for resale
from time to time in negotiated transactions or otherwise, on the New York Stock
Exchange at market prices prevailing at the time of sale, at prices related to
such prevailing market prices or otherwise. On June 14, 2013, the closing price
of the Company's common shares on the New York Stock Exchange was $16.99 per
share.
This press release does not constitute an offer to sell or the solicitation of
an offer to buy securities and shall not constitute an offer, solicitation or
sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
The offering is being made only by means of a prospectus and related prospectus
supplement. A prospectus supplement related to the offering will be filed with
the Securities and Exchange Commission. When available, copies of the prospectus
and prospectus supplement relating to the offering may be obtained from the
offices of Morgan Stanley at 180 Varick Street, Second Floor, New York, New York
10014, Attention: Prospectus Delivery Department or by email at
prospectus(at)morganstanley.com.
The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda
About Ship Finance
Ship Finance is a leading ship-owning company listed on the New York Stock
Exchange under the symbol "SFL". Ship Finance owns or operates 61 vessels and
drilling units across the tanker, drybulk, car carrier, container and offshore
sectors. In the tanker and drybulk sectors it owns and operates 24 crude-oil
tankers, 12 drybulk carriers and two chemical tankers. In the container and car-
carrier sectors it owns and operates nine container vessels and two car
carriers; Ship Finance also charters-in two container vessels. In the offshore
sector it owns and operates six offshore supply vessels, one jack-up drilling
rig and three ultra deepwater drilling units. In addition to the operating
fleet, Ship Finance has entered into agreements for the construction of four
4,800 TEU container vessels that are scheduled to be delivered in 2013 and in
2014, and four 8,700 TEU newbuilding container vessels that are scheduled to be
delivered in 2014 and 2015. The fleet is one of the largest in the world and
most of the vessels and offshore drilling units are employed under long-term
charters with terms of one year or greater. More information may be found on
Ship Finance's website: www.shipfinance.org
Cautionary Statement Regarding Forward Looking Statements
This press release may contain forward looking statements. These statements are
based upon various assumptions, many of which are based, in turn, upon further
assumptions, including management's examination of historical operating trends.
Although Ship Finance believes that these assumptions were reasonable when made,
because assumptions are inherently subject to significant uncertainties and
contingencies which are difficult or impossible to predict and are beyond its
control, Ship Finance cannot give assurance that it will achieve or accomplish
these expectations, beliefs or intentions.
Important factors that, in Ship Finance's view, could cause actual results to
differ materially from those discussed in this presentation include the strength
of world economies and currencies, general market conditions including
fluctuations in charter hire rates and vessel values, changes in demand in the
tanker market as a result of changes in OPEC's petroleum production levels and
worldwide oil consumption and storage, changes in Ship Finance's operating
expenses including bunker prices, dry-docking and insurance costs, changes in
governmental rules and regulations or actions taken by regulatory authorities,
potential liability from pending or future litigation, general domestic and
international political conditions, potential disruption of shipping routes due
to accidents or political events, and other important factors described from
time to time in the reports filed by Ship Finance with the Securities and
Exchange Commission.
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: Ship Finance International Limited via Thomson Reuters ONE
[HUG#1710080]
Unternehmensinformation / Kurzprofil:
Datum: 17.06.2013 - 22:20 Uhr
Sprache: Deutsch
News-ID 270513
Anzahl Zeichen: 5664
contact information:
Town:
Hamilton
Kategorie:
Business News
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"SFL - Announces Public Offering"
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Ship Finance International Limited (Nachricht senden)
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