Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Scorpio Tankers Inc. > News item |
Scorpio Tankers greenshoe lifts 6.75% $25-par notes to $53.75 million
By Toni Weeks
San Luis Obispo, Calif., July 28 – Underwriters for Scorpio Tankers Inc.’s offering of 6.75% $25-par senior notes due May 15, 2020 partially exercised their over-allotment option last month, selling an additional $3.75 million of the notes, according to the company’s second-quarter financial results.
The company priced $50 million of the notes with a $7.5 million greenshoe on May 7.
Stifel Nicolaus & Co., Deutsche Bank Securities Inc. and Jefferies LLC are the joint bookrunning managers.
Interest will be payable on the 15th day of February, May, August and November, beginning on Aug. 15. The company can redeem the notes at par plus accrued interest beginning on May 15, 2017 or in whole upon a tax change.
The Monaco-based oil tanker business will use the proceeds for general corporate purposes, including working capital.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.