Stolt-Nielsen Limited Completes Bond Issue

Donnerstag, 09.06.2011 09:50 von Hugin - Aufrufe: 124

 London, England - June 9, 2011 - Stolt-Nielsen Limited (Oslo Børs: SNI)
announced today the successful placement of a NOK 1.6 billion (USD 300 million)
five-year senior unsecured bond issue.  The bond issue carries a coupon of
three-month NIBOR plus 4.75%.
 
The settlement date is expected to be 22 June 2011 and the maturity date 22 June
2016.  An application will be made for listing of the bonds on Oslo Stock
Exchange as soon as possible.
 
The Company has swapped the bond issue into a USD obligation at a fixed interest
rate of 6.63% for the entire loan period.
 
Net proceeds from the bond issue will be used for funding of expansion
opportunities and general corporate purposes.
 
Commenting on the issue, Mr. Niels G. Stolt-Nielsen, Chief Executive Officer of
SNL, said: "We are pleased with the favourable response to this placement, which
I believe speaks largely to the strength of SNL's operations and balance sheet.
This issue provides the Company with additional liquidity on attractive terms
and gives the Company added financial flexibility to capitalize on expansion
opportunities without having to rely solely on secured bank financing."
 
DnB NOR Markets, Nordea Markets and Swedbank First Securities acted as joint
lead managers of the bond issue.
 
For further information, please contact:
 
Jan Chr. Engelhardtsen
 
Chief Financial Officer
U.K. +44 (0) 20 7611 8972
 
j.engelhardtsen@stolt.com
 
Jens F. Grüner-Hegge
 
VP Corporate Finance
U.K. +44 (0) 20 7611 8985
 
j.gruner-hegge@stolt.com
 
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 transports liquefied petroleum gas (LPG) with its fleet of very
large gas carriers (VLGCs).  Stolt-Nielsen Limited is listed on the Oslo Stock
Exchange.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
 
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Stolt-Nielsen Limited via Thomson Reuters ONE
 
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