Financial Wire

Scorpio Tankers Plans $300 Million Convertible Notes Offering

Scorpio Tankers (STNG) said late Tuesday it plans to offer $300 million of convertible senior notes due 2031 in a private offering, with part of the proceeds to be used for share repurchase.The company said it expects to grant initial purchasers a 13-day option to buy up to an additional $45 million of notes.

-- Scorpio Tankers (STNG) said late Tuesday it plans to offer $300 million of convertible senior notes due 2031 in a private offering, with part of the proceeds to be used for share repurchase.

The company said it expects to grant initial purchasers a 13-day option to buy up to an additional $45 million of notes.