LONDON, June 7, 2016 (GLOBE NEWSWIRE) -- Stolt-Nielsen Limited (Oslo Børs: SNI) is contemplating the issuance of new senior unsecured bonds in the Norwegian bond market through increases of one or more of the company's existing bond issues. Proceeds will be used for general corporate purposes.
The offering will be made to (i) Norwegian professional investors and eligible counterparties as defined in the Norwegian Securities Trading Regulations Sections 10-2 to 10-4, (ii) to non-"United States persons" in "offshore transactions" within the meaning of Rule 902 under the Securities Act of 1933, as amended (the "Securities Act"), and (iii) "Qualified Institutional Buyers" pursuant to Rule 144A of the Securities Act. The bonds may not be purchased by, or for the benefit of, persons resident in Canada.
Danske Bank Markets, DNB Markets, Nordea Markets and Swedbank have been appointed as joint lead managers in connection with the potential transaction.
For further information, please contact:
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 pursuant to section 5-12 of the Norwegian Securities Trading Act.