London - September 8, 2017
Stolt-Nielsen Limited (Oslo BÝrs: SNI) today announced the successful placement of senior unsecured bonds in the Nordic bond market with a total amount of USD 175 million in a new 5-year bond issue carrying a fixed coupon of 6.375%. The placement was oversubscribed.
The settlement date for the bonds will be September 21, 2017 and the maturity date will be September 21, 2022. An application will be made for listing the bonds on the Oslo Stock Exchange as soon as possible. Net proceeds from the bond issue will be used for the refinancing of outstanding bonds and general corporate purposes.
Danske Bank, DNB Markets, Nordea and Swedbank acted as joint lead managers for the bond issue.
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.
Stolt-Nielsen S.A. press release