SFL Corp Ltd. Files March 2024 Report on Form 6-K

TL;DR

SFL Corp (SFL) dropped a March 6-K, includes a press release. Check it out.

AI Summary

SFL Corporation Ltd. (NYSE: SFL) filed a Form 6-K on March 20, 2024, to report information for the month of March 2024. The filing includes a press release as Exhibit 1, but the content of the press release is not detailed in the provided text. SFL Corporation Ltd. is a foreign private issuer based in Hamilton, Bermuda, and previously operated under the name Ship Finance International LTD.

Why It Matters

This filing provides an update from SFL Corp Ltd. to investors and the market regarding its activities during March 2024, which could contain material information about the company's operations or strategic developments.

Risk Assessment

Risk Level: low — The filing is a routine report of a foreign private issuer and does not appear to contain any immediately alarming or significant negative news.

Key Players & Entities

• SFL Corp Ltd. (company) — Filer of the report
• SFL (company) — Ticker symbol for SFL Corp Ltd.
• Ship Finance International LTD (company) — Former name of SFL Corp Ltd.
• March 20, 2024 (date) — Filing date of the report
• Hamilton, Bermuda (location) — Principal executive offices location

FAQ

Key Financial Figures

• $230 million — gregate purchase price of approximately $230 million in combination with long term time char
• $200 million — f extension options. This adds close to $200 million to SFL's fixed-rate backlog, excluding

Filing Documents

• sflpressreleasemarch202024.htm (6-K) — 24KB
• 0001289877-24-000011.txt ( ) — 25KB

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. SFL CORPORATION LTD. Date March 20, 2024 By s Ole B. Hjertaker Name Ole B. Hjertaker Title SFL Management AS (Principal Executive Officer) EXHIBIT 1 SFL - Acquisition of three newbuild LR2 product tankers in combination with long term charters SFL Corporation Ltd. (NYSE SFL) ("SFL" or the "Company") announced today that it has agreed to acquire three new LR2 product tankers for an aggregate purchase price of approximately $230 million in combination with long term time charters to a world-leading energy and commodities company. The vessels are currently under construction in China, with the latest eco-design features. The sellers are affiliates of the Company's largest shareholder Hemen Holding Ltd, and the purchase price is in line with valuations by independent shipbrokers. The Company expects to take delivery of the vessels between the second and fourth quarter of this year, and the charter period will be minimum five years plus up to three years of extension options. This adds close to $200 million to SFL's fixed-rate backlog, excluding the optional years. The charterer will have options to purchase the vessels after year five and eight, subject to a profit share mechanism with SFL. Ole B. Hjertaker, CEO of SFL Management AS, said in a comment "We are pleased to do another milestone transaction in the tanker market at what we believe is an attractive stage of the market cycle. These product tankers are the most desired vessels for carrying clean petroleum products over long sea distances between the largest refineries and consumer centers of the world and will be in high demand to meet the future energy needs of the world. We are also very proud to add another leading energy and commodity powerhouse to our list of high quality clients." March 20,

View Full Filing

View this 6-K filing on SEC EDGAR