SFL to redeem 1.875% notes due 2021 on Aug. 26

By Rebecca Melvin

Concord, N.H., July 12 – SFL Corp. Ltd. announced it is planning to redeem early its 1.875% notes due Nov. 26, 2021 (ISIN: FR0012346856) on Aug. 26, according to a company news release.

The total principal amount of notes being redeemed is €249,700,000, and accrued interest for all the outstanding notes will be €3,501,792.80.

The issuer originally sold €500 million of the notes on Nov. 24, 2014.

BNP Paribas Securities Services is the fiscal agent and paying agent.

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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