Scorpio Tankers prices $150M reopening of 1.75% convertible notes due 2031, launches share repurchase

MSN
2026.05.08 05:03
portai
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Scorpio Tankers has priced a private offering of $200M in additional 1.75% convertible senior notes due 2031, up from the initially planned $150M. The notes were priced at 110.25% of par, with accrued interest payable. Concurrently, the company will repurchase 649,427 shares at $84.69 each. The offering is set to close on May 12, 2026.