EuropeFinance and Insurance

Ship Finance International raising $150m via note offering

John Fredriksen’s Ship Finance International (SFL) is raiding up to $150m via an issue of convertible senior notes due 2023.

The company will also grant the underwriters an option to purchase up to an additional $22.5m of notes to cover over-allotments.

SFL intends to use the proceeds for general corporate purposes, which may include pursuit of other business combinations, the acquisition of vessels, expansion of operations and repayment of existing debt.

Last month, SFL acquired a fleet of 15 feedermax boxships, ranging from 1,100 teu to 4,400 teu, in combination with long-term bareboat charters to a major containerline.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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