SFL - Successful placement of Senior Unsecured Bond
(Thomson Reuters ONE) -
Press release from Ship Finance International Limited, September 23, 2010
Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or the "Company")
announces that it has successfully placed a new senior unsecured bond loan in
the Norwegian credit market with maturity in April 2014. The total loan amount
is NOK 500 million, which is equivalent to approximately USD 85 million, and
drawdown will be in early October 2010. All payments are swapped to USD with a
fixed interest rate of 5.32% p.a.
The proceeds of the loan will be used for general corporate purposes.
This press release is neither an offer to sell nor a solicitation of an offer to
buy any of the bond or any other security of the Company. The bond loan has not
been registered under the Securities Act or any state securities laws, and is
being offered for resale only to qualified institutional buyers in reliance on
Rule 144A under the Securities Act. Unless so registered, the bond loan may not
be offered or sold in the United States except pursuant to an exemption from
registration requirements of the Securities Act and applicable state securities
laws.
September 23, 2010
The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda
Contact Persons:
Ole B. Hjertaker: Chief Executive Officer, Ship Finance Management AS
+47 23114011 / +47 90141243
Magnus T. Valeberg: Vice President, Ship Finance Management AS
+47 23114012 / +47 93440960
About Ship Finance
Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 70
vessels, including 30 crude oil tankers (VLCC and Suezmax), two chemical
tankers, eight oil/bulk/ore vessels, 11 dry-bulk carrier, nine container
vessels, six offshore supply vessels, one jack-up drilling rigs and three
ultra-deepwater drilling units. The fleet is one of the largest in the world and
most of the vessels are employed on long-term charters. The Company has declared
a cash dividend for 26 consecutive quarters.
More information can be found on the Company'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 Ship Finance 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 the Company'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
world wide oil consumption and storage, changes in the Company'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 the Company with the United States
Securities and Exchange Commission.
[HUG#1446432]
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
Unternehmensinformation / Kurzprofil:
Datum: 23.09.2010 - 14:33 Uhr
Sprache: Deutsch
News-ID 42984
Anzahl Zeichen: 0
contact information:
Town:
Hamilton
Kategorie:
Business News
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"SFL - Successful placement of Senior Unsecured Bond"
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