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Prospect News home > News index > List of issuers S > Headlines for SFL Corp. Ltd. > News item
Published on 3/16/2023 in the Prospect News Convertibles Daily.

SFL adjusts conversion rate for 4.875% convertibles due 2023

By Marisa Wong

Los Angeles, March 16 – SFL Corp. Ltd. adjusted the conversion rate for its $164 million 4.875% convertible notes due May 1, 2023 (ISIN: US824689AG86), according to a 6-K filing with the Securities and Exchange Commission.

The conversion rate for the notes was adjusted to 85.0332.

The new conversion rate took effect on March 14, the ex-dividend date.

The adjustment is due to declaration of a dividend of $0.24 per share.

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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