Stolt-Nielsen Limited Contemplates New Bond Issue
London - Stolt-Nielsen Limited is contemplating the issuance of new senior unsecured three-year and/or six-year bond issues in the Norwegian bond market. Proceeds from the bond issue(s) will be used to repay debt and for general corporate purposes.
It is intended that 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.