LONDON, June 8, 2016 (GLOBE NEWSWIRE) -- Stolt-Nielsen Limited (Oslo Børs: SNI) has successfully completed the following increases of its existing bond issues:
· SNI03 (ISIN NO0010640774, March 19, 2018): NOK 200 million
· SNI04 (ISIN NO0010657406, September 4, 2019): NOK 500 million
· SNI06 (ISIN NO0010733819, April 8, 2020): NOK 150 million
· SNI05 (ISIN NO0010705551, March 18, 2021): NOK 200 million
The company has swapped the new bond volumes into USD obligations at fixed interest rates of 4.47% for SNI03, 5.49% for SNI04, 5.78% for SNI06, and 5.99% for SNI05.
Proceeds will be used for general corporate purposes, and the settlement date for the tap issues is expected to be June 22, 2016.
Danske Bank Markets, DNB Markets, Nordea Markets and Swedbank acted as joint lead managers in connection with the 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.