Scorpio Tankers Inc. Announces Closing of Convertible Senior Notes due 2031 and Concurrent Stock Repurchase
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Scorpio Tankers Inc. has closed its private offering of $375 million in convertible senior notes due 2031. The company will use the net proceeds of approximately $363.3 million for general corporate purposes, after repurchasing 1,344,809 shares of its common stock.
Scorpio Tankers Inc. closed its private offering of $375 million in convertible senior notes. The notes bear interest at 1.75% per year and will mature on April 15, 2031. The company repurchased 1,344,809 shares of its common stock at $74.36 per share. The net proceeds from the offering were approximately $363.3 million. The company will use the remainder of the net proceeds for general corporate purposes.
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