London, England - March 9, 2012 - Stolt-Nielsen Limited (Oslo Børs: SNI)
announced today the successful placement of a NOK 400 million (USD 70 million
equivalent) three-year senior unsecured bond issue and a NOK 600 million (USD
105 million equivalent) six-year senior unsecured bond issue in the Norwegian
market.
The settlement date is expected to be March 19, 2012 for both bond issues and
the maturity dates are March 19, 2015 and March 19, 2018 for the three-year and
six-year bonds, respectively. An application will be made for listing the bonds
on the Oslo Stock Exchange as soon as possible.
The Company has swapped the bond issues into USD obligations at a fixed interest
rate of 5.11% for the three-year bonds and 6.785% for the six-year bonds.
Net proceeds from the bond issues will be used to repay debt and for general
corporate purposes.
DNB Markets, Nordea Markets and Swedbank First Securities acted as joint lead
managers for the bond issues.
For further information, please contact:
Jan Chr. Engelhardtsen
Chief Financial Officer
U.K. +44 (0) 20 7611 8972
j.engelhardtsen@stolt.com
Jens F. Grüner-Hegge
VP Corporate Finance
U.K. +44 (0) 20 7611 8985
j.gruner-hegge@stolt.com
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. Â Stolt Sea Farm
produces and markets high quality turbot, sole, sturgeon, and caviar. Â Stolt-
Nielsen Gas transports liquefied petroleum gas (LPG) with its fleet of very
large gas carriers (VLGCs). Â 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.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Stolt-Nielsen Limited via Thomson Reuters ONE
[HUG#1593020]
