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0 0 0 0 0.00342465753424665 -0.0119863013698629 0.00684931506849316 0.0017123287671234
Stock impact report

Scorpio Tankers Inc. Announces 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 10, 2018 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced today that it has entered into separate, privately negotiated agreements with certain holders of its outstanding 2.375% Convertible Senior Notes due 2019 (the “Existing Notes”) to exchange approximately $175 million in aggregate principal amount of the Existing Notes for approximately $175 million in aggregate principal amount of new 3.00% Convertible Senior Notes due 2022 (the “Exchange Notes” and such transaction, the “Exchange Offer”).  The Exchange Notes will be senior, unsecured obligations of the Company and will bear interest at a rate of 3.00% per year. Interest will be payable semi-annually in arrears on November 15 and May 15 of each year, beginning on November 15, 2018. The Exchange Notes will mature on May 15, 2022, unless earlier converted, redeemed or repurchased in accordance with their terms. The Exchange Notes are freely convertible at the opti Show less Read more
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