Stolt-Nielsen Limited has successfully completed a NOK 325 million tap issue in its outstanding 5-year senior unsecured bond issue due September 26, 2028 with ISIN NO0013019026. 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.