LONDON, March 26, 2015 (GLOBE NEWSWIRE) -- Stolt-Nielsen Limited (Oslo Børs: SNI) announced today the successful placement of senior unsecured bonds in a total amount of NOK 1,100 million in a new 5-year bond issue carrying a coupon of 3M NIBOR plus 4.10%. The placement was oversubscribed.
The settlement date for the bonds will be April 8, 2015 and the maturity date will be April 8, 2020. An application will be made for listing the bonds on the Oslo Stock Exchange as soon as possible.
Net proceeds from the bond issues will be used for general corporate purposes.
Danske Bank Markets, DNB Markets, Nordea Markets and Pareto Securities acted as joint lead managers for the bond issue.
Jan Chr. Engelhardtsen
Chief Financial Officer
U.K. +44 (0) 20 7611 8972
Jens F. Grüner-Hegge
VP Corporate Finance
U.K. +44 (0) 20 7611 8985
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 develops opportunities in LPG and LNG shipping and distribution. Stolt-Nielsen Limited is listed on the Oslo Stock Exchange.
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)