Stolt-Nielsen Limited (Oslo Børs:SNI) 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.