September 29, 2016 / 8:26 PM / a year ago

BRIEF-Ship Finance International announces offering of convertible senior notes

Sept 29 (Reuters) - Ship Finance International Ltd

* Ship Finance International Limited announces offering of convertible senior notes

* Notes will pay interest quarterly in arrears, have a term of five years, and will be convertible into co's common shares

* Unit will enter into share lending agreement with affiliates of Jefferies LLC, one of underwriters of notes offering

* Share lending agreement under which unit will lend to share borrower up to 8 million of company's common shares

* Intends to offer $200 million aggregate principal amount of convertible senior notes due 2021

* Intends to use net proceeds from offering for repurchase of all or a portion of its existing 3.25% convertible notes Source text for Eikon: Further company coverage:

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