Scorpio Tankers Inc., announced today that it plans to offer fixed rate senior unsecured notes due 2025 (the “Notes”) in a registered underwritten public offering (the “Offering”). The Company intends to use the net proceeds from the Offering for general corporate purposes and working capital. The Notes will be issued in minimum denominations of $25.00 and integral multiples of $25.00 in excess thereof.
In connection with the Offering, the Company has applied to list the Notes on the New York Stock Exchange (the “NYSE”) under the symbol “SBBA.” If approved for listing, trading on the NYSE is expected to commence within 30 days after the Notes are first issued.
B. Riley FBR, Inc., Ladenburg Thalmann & Co. Inc., Janney Montgomery Scott LLC and William Blair & Company, L.L.C. will act as joint book-running managers for the Offering. Boenning & Scattergood, Inc., Incapital LLC, National Securities Corp. and Wedbush Securities Inc. will act as co-managers for the Offering.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. A shelf registration statement relating to the Notes was filed with the United States Securities and Exchange Commission (the “SEC”) and is effective. The Notes may only be offered and sold by means of a prospectus supplement and the accompanying base prospectus.
Source: Scorpio Tankers Inc.