By Wendy Van Sickle
Columbus, Ohio, Feb. 5 – Stolt-Nielsen Ltd. said it placed NOK 1.3 billion of four-year senior bonds with a coupon of three-month Nibor plus 365 basis points.
Stolt-Nielsen said the offering was oversubscribed.
Danske Bank, DNB Markets, Nordea and SEB are the joint lead managers.
The company said it has swapped the new bond into U.S.-dollar obligations at a fixed interest rate of 5.441%.
In connection with the new placement, the company repurchased NOK 427 million of the SNI06 bonds that mature on April 8.
London-based Stolt-Nielsen provides integrated transportation solutions for bulk liquid chemicals, edible oils, acids and other specialty liquids.
| Issuer: | Stolt-Nielsen Ltd.
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| Issue: | Senior bonds
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| Amount: | NOK 1.3 billion
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| Maturity: | Feb. 20, 2024
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| Lead managers: | Danske Bank, DNB Markets, Nordea and SEB
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| Coupon: | Nibor plus 365 bps
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| Announcement date: | Feb. 5
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