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Stolt-Nielsen : Mar.09.12 Stolt-Nielsen Limited Completes Bond Issues

03/09/2012 | 03:56pm US/Eastern
Stolt-Nielsen Limited Completes Bond Issues

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.  Stolt Sea Farm produces and markets high quality turbot, sole, sturgeon, and caviar.  Stolt-Nielsen Gas transports liquefied petroleum gas (LPG) with its 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 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.


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