SFL – Announcement of Pricing of Public Offering of 8 million Common Shares

Source: www.gulfoilandgas.com 7/23/2024, Location: South America

SFL Corporation Ltd. announced that it has priced its previously announced underwritten public offering (the “Offering”) of 8,000,000 of the Company’s common shares, par value $0.01 per share (“Common Shares”), at $12.50 per share.

The net proceeds of the Offering are expected to be used for general corporate purposes, including but not limited to vessel acquisitions.

The Company has granted the underwriters a 30-day option to purchase up to an additional 1,200,000 Common Shares.

Morgan Stanley is acting as sole bookrunning manager and BTIG, LLC is acting as lead manager for the Offering. Arctic Securities, DNB Markets, Fearnley’s Securities and Pareto Securities are also acting as co-managers for the Offering.

The Offering is being made only by means of a prospectus supplement and accompanying base prospectus. A registration statement relating to these securities was filed with the U.S. Securities and Exchange Commission (the “SEC”) and is effective. A final prospectus supplement related to the Offering will be filed with the SEC. You may obtain these documents for free, once available, by visiting EDGAR on the SEC website at sec.gov. Alternatively, a copy may be obtained from Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.


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