John Fredriksen-backed SFL Corp says it is planning to sell a stack of new shares in a deal that could raise nearly $120m in gross proceeds.
The New York and Oslo-listed ship lessor said the new cash could be used for acquisitions, although its options are not limited to vessel buys.
“We continuously evaluate potential transactions that we believe will be accretive to earnings, enhance shareholder value or are in the best interests of the company, which may include the pursuit of other business combinations, the acquisition of vessels or related businesses, the expansion of our operations, repayment of existing debt, share...
