LONDON--(Marketwire - Aug 23, 2012) - Stolt-Nielsen Limited (Oslo Børs: SNI)
is
contemplating the issuance of up to NOK 1 billion (approximately USD
175
million) of new senior unsecured bonds in the Norwegian bond market.
The
issuance would include NOK 400 - 500 million of new seven-year bonds
and an
increase of the existing SNI02 (ISIN NO0010640766) and/or SNI03
(ISIN
NO0010640774) bonds maturing on March 19, 2015 and March 19,
2018,
respectively. Proceeds would be used to repay debt and 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.
DNB Markets, Nordea Markets and Swedbank First Securities have been
appointed as
joint lead managers in connection with the potential transaction.
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, through its investment in Avance Gas Holdings Ltd.,
transports
liquefied petroleum gas (LPG) with a fleet of very large gas carriers
(VLGCs).
Stolt-Nielsen Limited is listed on the Oslo Stock Exchange.
This information is subject of the disclosure requirements acc. to
§5-12 vphl
(Norwegian Securities Trading Act)
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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#1635732]