Stolt-Nielsen Limited Contemplates New Bond Issue
London, August 23, 2012 - Stolt-Nielsen Limited (Oslo B?rs: 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.
For further information, please contact:
+47 22 01 77 46
+47 22 48 77 82
Swedbank First Securities
+47 23 11 62 73
Jan Chr. Engelhardtsen
Chief Financial Officer
U.K. +44 (0) 20 7611 8972
Jens F. Gr?ner-Hegge
V.P. 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 caviarStolt-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.