SFL Obtains New EUR300 Million Loan

October 8, 2009 12:45 PM EDT

PARIS--(BUSINESS WIRE)-- Regulatory News:

SFL (Paris: FLY) today obtained EUR300 million in financing from a banking syndicate for which BNP Paribas acted as the arranger and agent.

The members of the syndicate are as follows:

    --  Banque de l'Economie du Commerce et de la Monetique
    --  BNP Paribas
    --  Calyon
    --  Credit Agricole d'Ile-de-France
    --  Credit Foncier de France
    --  HSBC France
    --  Natixis
    --  Societe Generale

With a maturity of five years, the new bullet loan will enable SFL to refinance part of its current debt while also providing additional funding for its future investments.

This transaction demonstrates SFL's ability to mobilise the necessary resources to support its growth in a sensitive economic environment.

With an exceptional portfolio of properties valued at nearly EUR3,3 billion including transfer costs, essentially located in the Paris Central Business District, SFL is a preferred vehicle for investors wishing to invest in the Paris office and retail property market. As the leading player in this market, the Group is firmly focused on pro-actively managing high-quality property assets. SFL has elected to be taxed as an SIIC since 2003.

STOCK MARKET:

Euronext Paris Compartment A - Euronext Paris ISIN FR0000033409 - Bloomberg: FLY FP - Reuters: FLYP PA

    Source: SFL

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• Calyon Securities
• HSBC

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