Scorpio Tankers (STNG) announced its intention to offer $300M aggregate principal amount of convertible senior notes due 2031 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The company expects to use a portion of the net proceeds from the offering to repurchase shares of its common stock, concurrently with the closing of the offering.
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