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’ 7.5% $25-par three-year notes admitted to NYSE
By Stephanie N. Rotondo
Phoenix, Nov. 6 – Scorpio Tankers Inc.’s $45 million of 7.5% $25-par senior notes due Oct. 15, 2017 began trading on the New York Stock Exchange on Thursday, according to a market source.
The deal priced Oct. 28. The ticker symbol is “SBNB.”
Stifel, Nicolaus & Co. Inc., Jefferies Inc., Credit Suisse Securities (USA) LLC and Janney Montgomery Scott LLC were the joint bookrunners.
The offering has a $6.75 million over-allotment option.
Interest will be payable quarterly, beginning Jan. 15.
Upon a change of control, holders can require the company to repurchase the notes at 101% of par plus accrued interest. In the event of certain tax changes, the company can redeem the notes in whole at par plus accrued interest.
Proceeds will be used for general corporate purposes and for working capital, which may include the acquisition of new or secondhand vessels.
Scorpio Tankers is a Monaco-based containership company.
© 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.