Scorpio Tankers Prices $200 Million Convertible Notes Offering
Scorpio Tankers announced that it priced a private offering of $200.0 million aggregate principal amount of additional 1.75% convertible senior notes due 2031. The offering size was increased from the announced offering size of $150.0 million aggregate principal amount of New Notes. The initial conversion rate for each $1,000 principal amount of Notes is 9.9615 shares of Common Stock, equivalent to a conversion price of approximately $100.39 per share. The conversion rate and conversion price will be subject to adjustment upon the occurrence of certain events.
