SFL Corp Ltd. Files 6-K Report
Ticker: SFL · Form: 6-K · Filed: Apr 29, 2024 · CIK: 1289877
| Field | Detail |
|---|---|
| Company | Sfl Corp Ltd. (SFL) |
| Form Type | 6-K |
| Filed Date | Apr 29, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $114 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: filing, corporate-update
Related Tickers: SFL
TL;DR
SFL Corp Ltd. (SFL) filed a 6-K, check it for latest company news.
AI Summary
SFL Corporation Ltd. (NYSE: SFL) filed a Form 6-K on April 29, 2024, reporting information as of April 23, 2024. The filing includes a press release from SFL Corporation Ltd. detailing its activities and financial information.
Why It Matters
This filing provides an update on SFL Corp Ltd.'s corporate activities and financial status to investors and the market.
Risk Assessment
Risk Level: low — This is a routine filing providing standard corporate information and a press release, not indicating any immediate financial distress or significant new risks.
Key Players & Entities
- SFL Corp Ltd. (company) — Registrant
- SFL (company) — Ticker Symbol
- April 29, 2024 (date) — Filing Date
- April 23, 2024 (date) — Period of Report Date
FAQ
What type of report is SFL Corporation Ltd. filing?
SFL Corporation Ltd. is filing a Form 6-K, which is a Report of Foreign Private Issuer pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934.
What is the Commission File Number for SFL Corporation Ltd.'s filing?
The Commission File Number for this filing is 001-32199.
What is the principal executive office address for SFL Corporation Ltd.?
The principal executive offices are located at Par-la-Ville Place, 14 Par-la-Ville Road, Hamilton, HM 08, Bermuda.
Does SFL Corporation Ltd. file annual reports under Form 20-F or Form 40-F?
SFL Corporation Ltd. files annual reports under cover of Form 20-F, as indicated by the checkmark in the filing.
What is attached as Exhibit 1 to this Form 6-K report?
Exhibit 1 attached to this Form 6-K report is a copy of the press release of SFL Corporation Ltd.
Filing Stats: 1,193 words · 5 min read · ~4 pages · Grade level 17.5 · Accepted 2024-04-29 14:53:13
Key Financial Figures
- $114 million — gregate purchase price is approximately $114 million. SFL has arranged long term employment
Filing Documents
- sflpressreleaseapril232024.htm (6-K) — 26KB
- 0001289877-24-000024.txt ( ) — 27KB
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 April 29, 2024 By s Ole B. Hjertaker Name Ole B. Hjertaker Title SFL Management AS (Principal Executive Officer) EXHIBIT 1 SFL - Acquisition of two LNG dual-fuel chemical carriers in combination with long term employment SFL Corporation Ltd. (NYSE SFL) ("SFL" or the "Company") today announced that it has agreed to acquire two LNG dual-fuel 33,000 dwt chemical carriers. The vessels are built in 20222023 and fitted with stainless steel cargo tanks, and the aggregate purchase price is approximately $114 million. SFL has arranged long term employment for the vessels with affiliates of Stolt Tankers, a subsidiary of the world-leading chemical logistics company Stolt-Nielsen Limited ("Stolt-Nielsen"). The Company expects to take delivery of the vessels between June and August this year and both vessels will be employed for a minimum of eight years. One vessel will be on a fixed rate time-charter and one vessel will be employed in a pool with similar-sized vessels. The fixed rate vessel has extension options of up to three years, in addition to purchase options 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 The announcement marks another accretive investment for the Company and will add two sophisticated chemical carriers to our fleet. With these vessels, we will have six LNG dual-fuel vessels in our fleet, and the transaction demonstrates our ability to expand our portfolio of maritime assets with vessels suitable for long term charters to industry leading companies. We are excited to build a new relationship with Stolt-Nielsen who has a market leading position in the logistics for sophisticated chemicals. The market dynamics for stainless-steel