Stolt-Nielsen Limited Completes Bond Issues
March 26 2015 - 7:40AM
LONDON, March 26,
2015 - Stolt-Nielsen Limited (Oslo Børs: SNI) announced today
the successful placement of senior unsecured bonds in a total
amount of NOK 1,100 million in a new 5-year bond issue carrying a
coupon of 3M NIBOR plus 4.10%. The placement was
oversubscribed.
The settlement date for the bonds
will be April 8, 2015 and the maturity date will be April 8, 2020.
An application will be made for listing the bonds on the Oslo
Stock Exchange as soon as possible.
Net proceeds from the bond issues
will be used for general corporate purposes.
Danske Bank Markets, DNB Markets,
Nordea Markets and Pareto Securities acted as joint lead managers
for the bond issue.
Contacts:
Jan Chr. Engelhardtsen
Chief Financial Officer
U.K. +44 (0) 20 7611 8972
j.engelhardtsen@stolt.com
Jens F. Grüner-Hegge
VP Corporate Finance
U.K. +44 (0) 20 7611 8985
j.gruner-hegge@stolt.com
About Stolt-Nielsen
Limited
Stolt-Nielsen Limited (SNL or the "Company") is a leading global
provider of integrated transportation solutions for bulk liquid
chemicals, edible oils, acids, and other specialty liquids through
its three largest business divisions, Stolt Tankers, Stolthaven
Terminals and Stolt Tank Containers. Stolt Sea Farm produces and
markets high quality turbot, sole, sturgeon, and caviar.
Stolt-Nielsen Gas develops opportunities in LPG and LNG shipping
and distribution. Stolt-Nielsen Limited is listed on the Oslo Stock
Exchange.
This information is subject of the disclosure
requirements acc. to §5-12 vphl (Norwegian Securities Trading
Act)
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Stolt-Nielsen Limited via Globenewswire
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