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Ship Finance (SFL) Announces Larger Conv. Notes Offering

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SFL - Ship Finance International Limited Announces Offering of Upsized Convertible Senior Notes

September 30, 2016 8:32 AM EDT

Hamilton, Bermuda, Sept. 30, 2016 (GLOBE NEWSWIRE) -- Ship Finance International Limited ("Ship Finance" or the "Company") (NYSE: SFL) today announced that it has increased the size of the public offering of its Convertible Senior Notes due 2021 (the "Notes") announced September 29, 2016 by $25 million, to a total of $225 million aggregate principal amount.

In addition, Ship Finance announced the pricing of its offering of $225 million aggregate principal amount of the Notes. The Notes will pay interest quarterly in arrears at a rate of 5.75% per annum and will mature on October 15, 2021, unless earlier repurchased,... More

SFL - Ship Finance International Limited Announces Offering of Upsized Convertible Senior Notes

September 30, 2016 8:25 AM EDT

Ship Finance International Limited ("Ship Finance" or the "Company") (NYSE: SFL) today announced that it has increased the size of the public offering of its Convertible Senior Notes due 2021 (the "Notes") announced September 29, 2016 by $25 million, to a total of $225 million aggregate principal amount.

In addition, Ship Finance announced the pricing of its offering of $225 million aggregate principal amount of the Notes. The Notes will pay interest quarterly in arrears at a rate of 5.75% per annum and will mature on October 15, 2021, unless earlier... More

SFL - Ship Finance International Limited Announces Offering of Convertible Senior Notes

September 29, 2016 4:21 PM EDT

Hamilton, Bermuda, Sept. 29, 2016 (GLOBE NEWSWIRE) -- Ship Finance International Limited ("Ship Finance" or the "Company") (NYSE: SFL) today announced that it, subject to market and other conditions, intends to offer $200 million aggregate principal amount of Convertible Senior Notes due 2021 (the "Notes"). The Notes will pay interest quarterly in arrears, have a term of five years, and will be convertible into the Company's common shares. Upon conversion, Ship Finance will pay or deliver, as the case may be, cash, our common shares, or a combination of cash and our common shares, at the Company's... More

SFL - Ship Finance International Limited Announces Offering of Convertible Senior Notes

September 29, 2016 4:17 PM EDT

Ship Finance International Limited ("Ship Finance" or the "Company") (NYSE: SFL) today announced that it, subject to market and other conditions, intends to offer $200 million aggregate principal amount of Convertible Senior Notes due 2021 (the "Notes"). The Notes will pay interest quarterly in arrears, have a term of five years, and will be convertible into the Company's common shares. Upon conversion, Ship Finance will pay or deliver, as the case may be, cash, our common shares, or a combination of cash and our common shares, at the Company's election, as... More