SFL raises USD 75 million via 2030 bond tap

SFL Corporation Ltd. has completed a tap issue of USD 75 million in its outstanding senior unsecured sustainability-linked bonds maturing in 2030.

Rhea-AI Filing Summary

SFL Corporation Ltd. has completed a tap issue of USD 75 million in its outstanding senior unsecured sustainability-linked bonds maturing in 2030. The tap was priced at 103.5% of par, indicating investor demand at a premium to face value.

Following this transaction, the total amount outstanding under the 2030 senior unsecured bonds is USD 225 million. SFL intends to use the net proceeds for general corporate purposes. The new bonds will temporarily trade under a separate ISIN until a listing prospectus is approved and they are merged with the existing 2030 bonds.

Insights

Credit and capital markets analyst

SFL raises USD 75 million at a premium via a 2030 bond tap.

SFL has added USD 75 million to its existing senior unsecured sustainability-linked bonds due 2030, priced at 103.5% of par. Tapping an existing line typically offers faster execution and leverages an already-established investor base.

After this tap, total bonds outstanding reach USD 225 million, which modestly increases unsecured debt while adding liquidity for general corporate purposes. The premium pricing suggests solid investor appetite at current terms, though long-term impact depends on how effectively the additional capital supports fleet and charter strategies.

The new bonds will initially trade under a separate ISIN until a listing prospectus is approved and they are merged with the existing 2030 series. Subsequent company filings may provide more detail on how these proceeds contribute to fleet development and charter coverage.

Key Figures

Tap issue size: USD 75 million Tap issue price: 103.5% of par Total 2030 bonds outstanding: USD 225 million +3 more

6 metrics

Tap issue size USD 75 million Additional 2030 senior unsecured sustainability-linked bonds

Tap issue price 103.5% of par Pricing for new 2030 bond tap

Total 2030 bonds outstanding USD 225 million Amount outstanding after the tap issue

Bond maturity year 2030 Maturity of senior unsecured sustainability-linked bonds

Existing bond ISIN NO0013461988 Original 2030 Senior Unsecured Bonds

Temporary tap ISIN NO0013742262 ISIN for tap bonds until listing prospectus approval

Key Terms

tap issue, sustainability-linked bond, ISIN, listing prospectus, +1 more

5 terms

tap issue financial

"has successfully completed a tap issue of USD 75 million"

A tap issue is when a company or government adds more securities — shares or bonds — to an earlier offering using the same terms and documentation instead of launching a brand‑new sale. It matters to investors because the extra supply can push prices down or dilute existing ownership for equity holders, while also revealing the issuer’s funding needs or market demand; imagine tapping more beer from the same keg rather than opening a new one.

sustainability-linked bond financial

"senior unsecured sustainability-linked bond issue due 2030"

A sustainability-linked bond is a debt instrument whose interest cost changes based on whether the borrower meets specific, measurable environmental or social goals—for example cutting emissions or improving workplace diversity. Investors pay attention because the bond directly ties the borrower’s financial outcomes to its real-world sustainability performance, affecting returns, credit risk and reputation; it's like a loan that rewards or penalizes behavior based on agreed targets.

ISIN financial

"with ISIN NO0013461988 (the “2030 Senior Unsecured Bonds”)"

A 12-character International Securities Identification Number (ISIN) is a unique code that acts like a passport for a specific stock, bond or other tradable security so it can be identified worldwide. Investors and systems use it to ensure they are buying, selling and tracking the exact same instrument across exchanges and data feeds, which prevents costly mix-ups and makes portfolio reporting, settlement and regulatory checks simpler and more reliable.

listing prospectus regulatory

"until a listing prospectus has been approved and the bonds"

Joint Bookrunners financial

"Danske Bank and Arctic Securities acted as Joint Bookrunners"

Joint bookrunners are the lead banks or brokers who share responsibility for organizing and selling a new offering of securities, like shares or bonds. Think of them as co-hosts of a big sale who coordinate pricing, gather investor interest (the “order book”), and split the work and risk—investors watch who the joint bookrunners are because their reputation and effort influence how smoothly the deal is priced, how widely it’s distributed, and how likely it is to succeed.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did SFL (SFL) announce in its April 2026 bond tap transaction?

SFL completed a tap issue of USD 75 million in its outstanding senior unsecured sustainability-linked bonds maturing in 2030. This increases the total amount of that bond series and provides additional funding for the company’s general corporate purposes across its maritime operations.

How large is SFL’s 2030 senior unsecured sustainability-linked bond after the tap?

After the tap, SFL’s 2030 senior unsecured sustainability-linked bond has a total outstanding amount of USD 225 million. The new USD 75 million raised is added to the existing issue, creating a larger single maturity in 2030 under the company’s bond structure.

At what price was SFL’s USD 75 million bond tap issued?

The USD 75 million tap issue was priced at 103.5% of par, meaning investors paid more than face value for the bonds. Pricing above par generally reflects demand for the issue’s terms, including maturity, credit risk, and the sustainability-linked structure of the 2030 bonds.

What will SFL use the net proceeds from the USD 75 million tap issue for?

SFL intends to apply the net proceeds from the USD 75 million tap issue toward general corporate purposes. This broad category can include funding operations, supporting fleet-related activities, and strengthening liquidity, depending on the company’s capital allocation decisions over time.

Why will SFL’s new tap bonds initially trade under a separate ISIN?

The senior unsecured bonds issued in the tap will initially trade under a separate ISIN until a listing prospectus has been approved. Once that approval is obtained, the new bonds can be merged with the existing 2030 senior unsecured bonds, forming a single fungible bond line in the market.

Who acted as joint bookrunners on SFL’s 2030 bond tap issue?

Danske Bank and Arctic Securities acted as Joint Bookrunners for SFL’s USD 75 million tap of its 2030 senior unsecured sustainability-linked bonds. Joint Bookrunners coordinate marketing, pricing, and distribution of the bonds to investors in the primary capital markets.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

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Accepted by SEC EDGAR 04/30/2026 - 06:24 AM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO

 RULE 13A-16 OR 15D-16 UNDER THE SECURITIES

EXCHANGE ACT OF 1934

For the month of April 2026

Commission File Number: 001-32199

SFL Corporation Ltd.

--------------------------------------------------------------------------------

(Translation of registrant's name into English)

Par-la-Ville Place

14 Par-la-Ville Road

Hamilton, HM 08, Bermuda

--------------------------------------------------------------------------------

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F [ X ]     Form 40-F [   ]

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

Attached hereto as Exhibit 1 is a copy of the press release of SFL Corporation Ltd. (NYSE: SFL) (“SFL” or the “Company”), dated April 29, 2026, announcing that the Company has successfully completed a tap issue of USD 75 million of the Company’s outstanding senior unsecured sustainability-linked bond issue due 2030 with ISIN NO0013461988 (the “2030 Senior Unsecured Bonds”).

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 30, 2026

By:

/s/ Ole B. Hjertaker

Name:

Ole B. Hjertaker

Title:

SFL Management AS

(Principal Executive Officer)

EXHIBIT 1

SFL – Successful Placement of a Senior Unsecured Sustainability-linked Bond Tap Issue

SFL Corporation Ltd. (NYSE: SFL) (the “Company”) has successfully completed a tap issue of USD 75 million of the Company’s outstanding senior unsecured sustainability-linked bond issue due 2030 with ISIN NO0013461988 (the “2030 Senior Unsecured Bonds”). The tap issue was priced at 103.5% of par.

The total outstanding amount under the 2030 Senior Unsecured Bonds following this issue is USD 225 million. The net proceeds from the tap issue are intended to be applied towards general corporate purposes.

The senior unsecured bonds issued in the tap issue will trade under a separate ISIN (NO0013742262) until a listing prospectus has been approved and the bonds can be merged with the existing 2030 Senior Unsecured Bonds.

Danske Bank and Arctic Securities acted as Joint Bookrunners in connection with the placement of the tap issue.

April 29, 2026

The Board of Directors

SFL Corporation Ltd.

Hamilton, Bermuda

Investor and Analyst Contacts:

Espen Nilsen Gjøsund, Vice President - Investor Relations, +47 47 50 05 00

André Reppen, Chief Treasurer & Senior Vice President, +47 23 11 40 55

Aksel Olesen, Chief Financial Officer, +47 23 11 40 36

Media Contact:

Ole B. Hjertaker, Chief Executive Officer, SFL Management AS

+47 23 11 40 11

About SFL

SFL has a unique track record in the maritime industry and has paid dividends every quarter since its initial listing on the New York Stock Exchange in 2004. The Company’s fleet of vessels is comprised of tanker vessels, bulkers, container vessels, car carriers and offshore drilling rigs. SFL’s long term distribution capacity is supported by a portfolio of long term charters and significant growth in the asset base over time. More information can be found on the Company's website: www.sflcorp.com.

Cautionary Statement Regarding Forward Looking Statements

This press release may contain forward looking statements. These statements are based upon various assumptions, many of which are based, in turn, upon further assumptions, including SFL management’s examination of historical operating trends, data contained in the Company’s records and other data available from third parties. Although SFL believes that these assumptions were reasonable when made, because assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond its control, SFL cannot give assurance that it will achieve or accomplish these expectations, beliefs or intentions.

Important factors that, in the Company’s view, could cause actual results to differ materially from those discussed in the forward looking statements include the strength of world economies, fluctuations in currencies and interest rates, general market conditions in the seaborne transportation industry, which is cyclical and volatile, including fluctuations in charter hire rates and vessel values, changes in demand in the markets in which the Company operates, including shifts in consumer demand from oil towards other energy sources or changes to trade patterns for refined oil products, changes in market demand in countries which import commodities and finished goods and changes in the amount and location of the production of those commodities and finished goods, technological innovation in the sectors in which we operate and quality and efficiency requirements from customers, increased inspection procedures and more restrictive import and export controls, changes in the Company’s operating expenses, including bunker prices, dry-docking and insurance costs, performance of the Company’s charterers and other counterparties with whom the Company deals, the impact of any restructuring of the counterparties with whom the Company deals, and timely delivery of vessels under construction within the contracted price, governmental laws and regulations, including environmental regulations, that add to our costs or the costs of our customers, potential liability from pending or future litigation, potential disruption of shipping routes due to accidents, political instability, terrorist attacks, piracy or international hostilities, the length and severity of the ongoing coronavirus outbreak and governmental responses thereto and the impact on the demand for commercial seaborne transportation and the condition of the financial markets, and other important factors described from time to time in the reports filed by the Company with the United States Securities and Exchange Commission. SFL disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.