SFL Corporation Ltd. (NYSE: SFL) (“SFL” or the “Company”) successfully placed USD 150 million senior unsecured sustainability-linked bonds due 1 February 2027.

The bonds will pay a coupon of 8.875% per annum and be issued at a price of 99.58%, the net proceeds will be used to refinance existing bonds and for general corporate purposes. An application will be made for the bonds to be listed on the Oslo Stock Exchange.

Arctic Securities and DNB Markets acted as Joint Bookrunners, and SEB acted as Joint Lead Manager in the placement of the bond issue. SMBC Nikko, Crédit Agricole Corporate and Investment Bank and Sparebank1 Markets acted as Co-managers.

The Board of Directors
SFL Corporation Ltd.
Hamilton, Bermuda

About SFL

SFL has a unique track record in the maritime industry and has paid dividends every quarter since its initial listing on the New York Stock Exchange in 2004. The Company’s fleet of vessels is comprised of container vessels, car carriers, tanker vessels, bulkers and offshore drilling rigs. SFL’s long term distribution capacity is supported by a portfolio of long term charters and significant growth in the asset base over time.

SFL Corporation Ltd. press release