|
Hamilton, Bermuda - July 23, 2024 SFL Corporation Ltd. (NYSE: SFL) ("SFL" or the "Company") today announced that it has priced its previously announced underwritten public offering (the "Offering") of 8,000,000 of the Company's common shares, par value $0.01 per share ("Common Shares"), at $12.50 per share. The net proceeds of the Offering are expected to be used for general corporate purposes, including but not limited to vessel acquisitions. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,200,000 Common Shares. Morgan Stanley is acting as sole bookrunning manager and BTIG, LLC is acting as lead manager for the Offering. Arctic Securities, DNB Markets, Fearnley's Securities and Pareto Securities are also acting as co-managers for the Offering. The Offering is being made only by means of a prospectus supplement and accompanying base prospectus. A registration statement relating to these securities was filed with the U.S. Securities and Exchange Commission (the "SEC") and is effective. A final prospectus supplement related to the Offering will be filed with the SEC. You may obtain these documents for free, once available, by visiting EDGAR on the SEC website at sec.gov. Alternatively, a copy may be obtained from Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. SFL - Announcement of Public Offering of Common Shares Hamilton, Bermuda - July 23, 2024 SFL Corporation Ltd. (NYSE: SFL) ("SFL" or the "Company") today announced that it intends to offer, issue and sell to the public 8,000,000 of the Company's common shares, par value $0.01 per share ("Common Shares"), through an underwritten public offering (the "Offering"). The net proceeds of the Offering are expected to be used for general corporate purposes, including but not limited to vessel acquisitions. The Company also intends to grant the underwriters a 30-day over-allotment option to purchase up to an additional 1,200,000 Common Shares. Morgan Stanley is acting as sole bookrunning manager for the Offering and BTIG, LLC is acting as lead manager for the Offering. The Offering is being made only by means of a prospectus supplement and accompanying base prospectus. A registration statement relating to these securities was filed with the U.S. Securities and Exchange Commission (the "SEC") and is effective. A prospectus supplement related to the Offering will be filed with the SEC. You may obtain these documents for free, once available, by visiting EDGAR on the SEC website at sec.gov. Alternatively, a copy may be obtained from Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 or from BTIG, LLC, 350 Bush Street, 9th FL, San Francisco, CA 94104, Attention: Syndicate Department at +1 415-248-2200 or by email at prospectusdelivery@btig.com. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. About SFL SFL has a unique track record in the maritime industry and has paid dividends every quarter since its initial listing on the New York Stock Exchange in 2004. The Company's fleet of vessels is comprised of tanker vessels, bulkers, container vessels, car carriers and offshore drilling rigs. SFL's long term distribution capacity is supported by a portfolio of long term charters and significant growth in the asset base over time. More information can be found on the Company's website: www.sflcorp.com SFL Corporation Ltd. press release 
|
