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Stock impact report

Scorpio Tankers Inc. Announces Closing of Offer to Exchange Existing Convertible Notes

Scorpio Tankers Inc. Common Shares (STNG) 
Last scorpio tankers inc. common shares earnings: 2/19 06:40 am Check Earnings Report
Company Research Source: GlobeNewswire
MONACO, May 16, 2018 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced today that it has closed its previously announced exchange offer (the “Exchange Offer”), pursuant to which certain holders of the Company’s 2.375% Convertible Senior Notes due 2019 (the “Existing Notes”) offered to exchange $188.5 million in aggregate principal amount of such Existing Notes for $188.5 million in aggregate principal amount of the Company’s 3.00% Convertible Senior Notes due 2022 (the “Exchange Notes”). The aggregate principal amount includes an additional $13.5 million of Existing Notes tendered for exchange by one of the holders in the Exchange Offer.    Following closing of the Exchange Offer, there is $160.0 million in aggregate principal amount of Existing Notes outstanding. This press release is neither an offer to sell nor a solicitation of an offer to buy the Exchange Notes, nor shall there be any sale of the Exchange Notes in any state o Show less Read more
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