SFL Corporation's Investor Meetings and Bond Offering Insights

Overview of SFL Corporation's Investor Meetings

SFL Corporation Ltd. (NYSE: SFL) is embarking on a series of fixed income investor meetings, aimed at discussing the company's strategies and potential bond offerings. This initiative allows the company to connect with current and prospective investors, fostering a transparent communication channel that is essential in today's market.

Plans for Bond Offering

As part of these meetings, SFL is considering a NOK denominated senior unsecured bond offering, contingent on market conditions. Should this offering proceed, the anticipated net proceeds are earmarked primarily for refinancing the company's existing NOK 600 million senior unsecured bonds, which are set to mature in January 2025. This proactive step not only serves to manage the company’s debt profile but also aligns with SFL's commitment to fortifying its financial position.

Conditional Buybacks of Existing Bonds

In parallel with the proposed bond offering, SFL plans to initiate conditional buybacks of its existing bonds. This move reflects the company's strategic approach to optimizing its capital structure. If the new bonds are successfully issued, SFL intends to call any remaining outstanding amounts of the existing bonds at their prevailing call price, streamlining its debt obligations and potentially returning value to bondholders.

Long-Term Financial Strategy

In the broader context of its financial strategy, SFL Corporation has an impressive history in the maritime industry, having paid dividends quarterly since its initial listing on the New York Stock Exchange in 2004. The company’s fleet is diverse, encompassing tanker vessels, bulkers, container vessels, car carriers, and offshore drilling rigs. This unlikely asset mixture underpins SFL's long-term distribution capacity, supported by a robust portfolio of long-term charters that bolster its revenue streams.

Company Growth and Market Position

SFL's sustained growth in its asset base over time is crucial amidst the cyclical nature of the maritime industry. By focusing on strategic charters and maintaining flexibility in its operations, the company is well-positioned to navigate market fluctuations and capitalize on emerging opportunities.

Company Contact Information

For inquiries related to investments or analysis, SFL Corporation invites stakeholders to connect with their team. Investor and analyst contacts include:

Aksel Olesen, Chief Financial Officer, SFL Management AS - +47 23 11 40 36
André Reppen, Chief Treasurer & Senior Vice President, SFL Management AS - +47 23 11 40 55
Marius Furuly, Senior Vice President - Energy, SFL Management AS - +47 23 11 40 16

For media inquiries, please reach out to Ole B. Hjertaker, Chief Executive Officer, SFL Management AS at +47 23 11 40 11.

Frequently Asked Questions

What is the purpose of SFL Corporation's investor meetings?

The meetings aim to engage with investors and discuss the company’s financial strategies, including potential bond offerings.

What financial strategy is SFL Corporation pursuing?

SFL is considering a NOK denominated senior unsecured bond offering to refinance existing senior unsecured bonds and strengthen their capital structure.

How does SFL Corporation support its dividends?

By maintaining a diverse fleet and a strong portfolio of long-term charters, SFL ensures a stable revenue stream to support uninterrupted dividend payments.

Who can I contact for investor relations at SFL Corporation?

Interested parties can reach out to Aksel Olesen or André Reppen for investor-related inquiries at SFL Management AS.

What types of vessels does SFL Corporation operate?

SFL operates a diverse fleet that includes tanker vessels, bulkers, container vessels, car carriers, and offshore drilling rigs, enhancing its market presence.

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