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Prospect News home > News index > List of issuers S > Headlines for SFL Corp. Ltd. > News item
Published on 9/9/2020 in the Prospect News Liability Management Daily.

SFL to accept tenders for €160.7 million of 1 7/8% and 2¼% notes

By Taylor Fox

New York, Sept. 9 – SFL Corp. Ltd. completed the tender offer to purchase its €500 million 1 7/8% notes due Nov. 26, 2021 (ISIN: FR0012346856) and €500 million 2¼% notes due Nov. 16, 2022 (ISIN: FR0013053030), according to a news release.

SFL said it will accept for purchase €160.7 million of the notes in total, including €100.3 million of 2021 notes at a tender price of 101.797 and €60.4 million of 2022 notes at a tender price of 104.15.

After the purchase, €249.7 million of the 2021 notes will remain outstanding and €289.6 million of the 2022 notes will remain outstanding.

The offer expired at 10 a.m. ET on Sept. 8.

Settlement is expected to take place on Sept. 10.

Formerly Ship Finance International Ltd., SFL is an owner and operator of vessels and offshore assets. The company is based in Hamilton, Bermuda.


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