Stolt-Nielsen limited contemplates new bond issue

Stolt-Nielsen Limited 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