Scorpio Tankers Inc. Announces Convertible Note Exchange and New Issuance
MONACO, June 15, 2021 (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 3.00% Convertible Senior Notes due 2022 (the Existing Notes) to exchange approximately $19.4 million in aggregate principal amount of the Existing Notes for approximately $19.4 million in aggregate principal amount of new 3.00% Convertible Senior Notes due 2025 (the Exchange Notes and such transaction, the Exchange Offer). In addition, the Company has entered into separate, privately negotiated, agreements with certain investors to issue and sell approximately $42.4 in aggregate principal amount of the new 3.00% Convertible Senior Notes due 2025 (the Purchased Notes, and together with the Exchange Notes, the New Notes) in a private offering.
Scorpio Tankers Inc. Announces Convertible Note Exchange and New Issuance
MONACO, June 15, 2021 (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 3.00% Convertible Senior Notes due 2022 (the Existing Notes) to exchange approximately $19.4 million in aggregate principal amount of the Existing Notes for approximately $19.4 million in aggregate principal amount of new 3.00% Convertible Senior Notes due 2025 (the Exchange Notes and such transaction, the Exchange Offer). In addition, the Company has entered into separate, privately negotiated, agreements with certain investors to issue and sell approximately $42.4 in aggregate principal amount of the new 3.00% Convertible Senior Notes due 2025 (the Purchased Notes, and together with the Exchange Notes, the New Notes) in a private offering.