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Saturday, October 22, 2016

Stolt-Nielsen Completes Bond Issues

March 3, 2014

Photo: Stolt

Photo: Stolt

Stolt-Nielsen Limited announced today the successful placement of senior unsecured bonds in a total amount of NOK 1,250 million (approximately $207 million USD) in a new seven-year bond issue carrying a coupon of 3m Nibor + 3.35%.

The settlement date for the new bonds is expected to be March 18, 2014 and the maturity date for the new seven-year bond issue is expected to be March 18, 2021. An application will be made for listing the bonds on the Oslo Stock Exchange as soon as possible.

The company has swapped the new bonds into USD obligations at a fixed interest rate of 5.8860%.

Net proceeds from the bond issues will be used to repay debt and for general corporate purposes.

DNB Markets, Nordea Markets and Swedbank Norway acted as joint lead managers of the bond issue.

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