Scorpio Tankers Inc. Announces Proposed Offering of Convertible Senior Notes and Concurrent Stock Repurchase
Scorpio Tankers Inc. announced a private offering of $300 million in convertible senior notes due 2031, with an option for additional $45 million. The company plans to use part of the proceeds to repurchase shares concurrently, aiming to potentially support the stock price. The notes carry semiannual interest, are senior unsecured obligations, and …