SFL Corporation 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, through an underwritten public 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.