SFL Corporation Ltd. (NYSE: SFL) (“SFL” or the “Company”) announced yesterday that it has filed a prospectus supplement with the U.S. Securities and Exchange Commission (“SEC”) in connection with an “at the market” offering program (the “Program”) pursuant to which the Company may sell up to $100 million of its common shares, par value $0.01 per share.
The Company believes it has a strong balance sheet with more than $200 million in available liquidity at the end of the first quarter of 2020. The Program, which is effective for up to approximately 36 months, may be utilized at the Company’s discretion from time to time. The Company is not obliged to offer and sell any of its common shares under the Program. The Company intends to use the net proceeds from the Program, if any, for general corporate purposes.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. The offering is being made by means of a prospectus and related prospectus supplement. A prospectus supplement related to the offering has been filed with the SEC on the date hereof. Copies of the prospectus and prospectus supplement relating to the offering may be obtained from BTIG, LLC, Attention: ATM Trading Desk, 65 East 55th Street, New York, NY 10022, or by telephone at +1 212 593 7555 or by email at [email protected]
Source: SFL Corporation Ltd.