Marine Link
Tuesday, December 6, 2016

Scorpio Tankers Public Stock Offiering

July 30, 2013

Monaco-based Scorpio Tankers Inc. (SBNA)intends to offer and sell 20,000,000 shares of its common stock in an underwritten public offering.

The net proceeds of this offering are expected to be used for product tanker vessel and LPG carrier acquisitions, working capital and other general corporate purposes.

 UBS Securities LLC is acting as sole book-running manager in the offering, RS Platou Markets AS is acting as Joint Lead Manager and Global Hunter Securities, LLC is acting as Co-Manager. The Company also intends to grant the underwriters a 30-day option to purchase additional shares of common stock representing 15% of the offered shares.

A prospectus supplement related to the offering will be filed with the U.S. Securities and Exchange Commission and will be available on the SEC's website located at www.sec.gov.

The Company's common stock trades on the New York Stock Exchange under the symbol "STNG."
 



 
Maritime Reporter Magazine Cover Nov 2016 - Workboat Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News