Stolt-Nielsen Limited (Oslo Børs: SNI) today announced the successful placement of a new senior unsecured bond issue of NOK 1.20 billion with maturity date September 26, 2028. The bond carries a coupon of 3 months NIBOR + 315 bps p.a. with quarterly interest payments. The transaction was oversubscribed.

The company has swapped the new bond into USD obligations at a fixed interest rate of 7.8225%.

Danske Bank, DNB Markets, Nordea and SEB acted as joint lead managers for the bond issue.

An application will be made for the bonds to be listed on Oslo Stock Exchange.

Certain primary insiders and close associates have subscribed and was allocated bonds in the bond issue. Please see attached forms for further details.
Source: Stolt-Nielsen M.S. Limited