Reuters logo
BRIEF-Ship Finance International announces offering of convertible senior notes
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:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below