Stolt-Nielsen Limited Completed Tap Issue

LONDON, November 27, 2023 Stolt-Nielsen Limited (Oslo Børs: SNI) has today successfully completed a NOK 325 million tap issue in its outstanding 5-year senior unsecured bond issue due September 26, 2028 with ISIN NO0013019026(the Bonds). Total outstanding amount under the Bonds following the tap issue is NOK 1,525 million. The Bonds carry a floating rate coupon of 3-month NIBOR + 315 bps and the tap issue was priced at 100% of par. The company has swapped the tap into USD obligations at a fixed interest rate of 7.805%. The tap issue was initiated by reversed inquiries. Net proceeds from the tap issue shall be applied towards general corporate purposes.

DNB Markets acted as sole arranger for the tap issue.

For additional information please contact:

Jens F. Grüner-Hegge

Chief Financial Officer

UK +44 (0) 20 7611 8985

[email protected]  

Julian Villar

Head of Corporate Finance

UK +44 (0) 20 7611 8962

[email protected]  

Ellie Davison

Head of Corporate Communication

UK +44 (0) 20 7611 8926

[email protected]  

About Stolt-Nielsen Limited Stolt-Nielsen (SNL or the Company) is a long-term investor and manager of businesses focused on opportunities in logistics, distribution and aquaculture. The Stolt-Nielsen portfolio consists of its three global bulk-liquid and chemicals logistics businesses Stolt Tankers, Stolthaven Terminals and Stolt Tank Containers Stolt Sea Farm and various investments. Stolt-Nielsen Limited is listed on the Oslo Stock Exchange (Oslo Børs: SNI).

This information is subject to the disclosure requirements pursuant to Article 19 of the EU Market Abuse Regulation and Section 5-12 the Norwegian Securities Trading Act.