The Motley Fool Discussion Boards
Industry Discussions / Shipping News
|Subject: SFL bond offering||Date: 1/25/2013 9:28 PM|
|Author: Hohum777||Number: 2811 of 3222|
SFL announced a bond offering of $250M. Then turned around, upsized the deal to $350M. Then,
my guess on "major shareholder" would be, Fredriksen trusts loaned out about $100M in shares
for a Deutsche Bank subsidiary to short the company.
It sorta reads like major shareholder is selling shares, but they aren't. At least,
not at the present time. I wonder if DB is playing the short side because they know
the Q4 div was accelerated, and paid out early. Thus, a dividend bounce is less likely, and the
lack of dividend might surprise some investors. I'm guessing the proceeds from the
bond offering go to retire most of the debt on the existing bond repayment.
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|