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Ship Finance International Ltd (SFL)

SFL on New York Consolidated

14.45USD
2 Dec 2016
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$0.15 (+1.05%)
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Latest Key Developments (Source: Significant Developments)

Ship Finance International announces offering of convertible senior notes
Thursday, 29 Sep 2016 04:20pm EDT 

Ship Finance International Ltd : Ship Finance International Limited announces offering of convertible senior notes . Notes will pay interest quarterly in arrears, have a term of five years, and will be convertible into co's common shares . Unit will enter into share lending agreement with affiliates of Jefferies LLC, one of underwriters of notes offering . Share lending agreement under which unit will lend to share borrower up to 8 million of company's common shares . Intends to offer $200 million aggregate principal amount of convertible senior notes due 2021 .Intends to use net proceeds from offering for repurchase of all or a portion of its existing 3.25% convertible notes.  Full Article

Ship Finance International qtrly earnings per share $0.42
Wednesday, 31 Aug 2016 07:32am EDT 

Ship Finance International Ltd : Qtrly earnings per share $0.42 . Q2 earnings per share view $0.51 -- Thomson Reuters I/B/E/S .Qtrly charter revenues $159m versus $174m in last quarter.  Full Article

Ship Finance International agrees to amend terms with Deep Sea Supply PLC
Friday, 22 Jul 2016 09:15am EDT 

Ship Finance International Ltd : DESS and BTG have now agreed that dess will acquire remaining shares in DESS BTG, with settlement in shares, warrants and some cash . As part of overall transaction, ship finance has agreed to reduce charter rates until may 2018 . Deep Sea Supply to amend financing terms, defer up to $68 million of scheduled debt amortization until march 31, 2018 . Ship Finance International Ltd Says agreed to amend terms of long-term chartering agreements with an affiliate of Deep Sea Supply PLC . Following acquisition, dess will be our charter guarantor going forward . Dess will amend financing terms to extend maturity of three loan facilities which were originally due later this year .To reduce charter rates in exchange for extending charter period by 3 years and introducing a 50/50 profit share on charter revenues.  Full Article

Ship Finance Q1 earnings per share $0.50
Tuesday, 31 May 2016 07:42am EDT 

Ship Finance International Ltd : Q1 revenue $117.6 million . Reported net operating income pursuant to u.s. Gaap for quarter was $57.2 million, or $0.61 per share . Qtrly earnings per share $0.50 . Q1 earnings per share view $0.63, revenue view $116.3 million -- Thomson Reuters I/B/E/S .First quarter 2016 results.  Full Article

Ship Finance International Ltd declares increased quarterly cash dividend of $0.45 per share
Tuesday, 24 Nov 2015 08:31am EST 

Ship Finance International Ltd:Declared an increased quarterly cash dividend of $0.45 per share.dividend will be paid on or about December 30, 2015 to shareholders on record as of December 10, 2015, and ex-dividend date will be December 8, 2015.  Full Article

Ship Finance International Ltd announces sale of older Suezmax tanker
Tuesday, 22 Sep 2015 06:06am EDT 

Ship Finance International Ltd:Says has agreed to sell the 1995 built suezmax tanker front splendour to an unrelated third party.Says net cash proceeds will be approximately $13 million.Says the vessel is expected to be delivered to its new owner in the fourth quarter.  Full Article

Ship Finance International Ltd declared an increased quarterly cash dividend
Wednesday, 26 Aug 2015 08:38am EDT 

Ship Finance International Ltd:Declared an increased quarterly cash dividend of $0.44 per share.Dividend will be paid on or about Sept. 30.Record date as of Sept. 14.Ex-dividend date will be Sept. 10.  Full Article

Ship Finance International Ltd announces sale of Suezmax tanker
Wednesday, 5 Aug 2015 08:16am EDT 

Ship Finance International Ltd:Says has agreed to sell the 1995 built suezmax front glory to an unrelated third party.Says vessel is expected to be delivered to its new owner at the end of the third quarter, 2015.Says Ship Finance will receive a net amount of approximately $13.8 million.Says net sales price is agreed to approximately $16 million.Agreed to terminate the corresponding charter party for the 20-year old crude oil carrier with unit of Frontline Ltd.  Full Article

Ship Finance International Ltd says acquisition of three 9,000 TEU containerships in combination with long-term charters
Monday, 15 Jun 2015 06:26am EDT 

Ship Finance International Ltd:Acquisition of three 9,000 teu containerships in combination with long-term charters.Says vessels are currently under construction and are expected to be delivered to Ship Finance between 4q 2015 and 1q 2016.Says agreement to acquire three containerships from an unrelated third party.Charter backlog to increase by $200 mln, EBITDA from vessels to be more than $30 million on average during five year period.Says will arrange financing for the vessels in due course.  Full Article

Ship Finance International Ltd - completion of new agreement with frontline ltd
Monday, 8 Jun 2015 10:15am EDT 

Ship Finance International Ltd:Entered into a heads of agreement to amend the long-term chartering agreements with Frontline Ltd.Says the agreement is now completed, and Frontline has issued and delivered 55 million new shares to Ship Finance.Shares represent approximately 28% of the total number of issued and outstanding shares of Frontline.  Full Article