SFL Raises $75M Through Sustainability-Linked Bond Tap at 103.5% of Par
SFL Corporation Ltd completed a USD 75 million tap issue of its 2030 senior unsecured sustainability-linked bonds priced at 103.5% of par. The transaction raises the total outstanding to USD 225 million, with net proceeds earmarked for general corporate purposes.
1. Tap Issue Completed
SFL Corporation Ltd executed a USD 75 million tap issue of its 2030 senior unsecured sustainability-linked bonds, priced at 103.5% of par.
2. Outstanding Bond Volume
Post-issue, the total amount outstanding under the 2030 bonds stands at USD 225 million, with new bonds trading under a separate ISIN until a listing prospectus is approved.
3. Use of Proceeds
Net proceeds from the tap issue are designated for general corporate purposes, supporting the company’s financial flexibility and operational needs.
4. Joint Bookrunners and Next Steps
Danske Bank and Arctic Securities served as joint bookrunners, and the tap-issued bonds will merge with the existing series once the listing prospectus gains approval.