{"id":801654,"date":"2025-01-16T09:58:37","date_gmt":"2025-01-16T14:58:37","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/scorpio-tankers-inc-announces-successful-placement-of-5-year-senior-unsecured-bonds\/"},"modified":"2025-01-16T09:58:37","modified_gmt":"2025-01-16T14:58:37","slug":"scorpio-tankers-inc-announces-successful-placement-of-5-year-senior-unsecured-bonds","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/scorpio-tankers-inc-announces-successful-placement-of-5-year-senior-unsecured-bonds\/","title":{"rendered":"Scorpio Tankers Inc. Announces Successful Placement of 5-year Senior Unsecured Bonds"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">MONACO, Jan.  16, 2025  (GLOBE NEWSWIRE) &#8212; Scorpio Tankers Inc. (NYSE: STNG) (\u201cScorpio Tankers\u201d or the \u201cCompany\u201d) announces today that it has successfully placed USD 200 million of new senior unsecured bonds in the Nordic bond market. An application will be made for the bonds to be listed on the Oslo Stock Exchange. The new bonds are due to mature in January 2030 and will pay a fixed coupon of 7.5% per annum, payable semi-annually in arrears.<\/p>\n<p align=\"justify\">The net proceeds from the bond issue shall be used to refinance the Company\u2019s existing USD 70.6m senior unsecured notes and for general corporate purposes.<\/p>\n<p align=\"justify\">DNB Markets, Arctic Securities AS, and Pareto Securities AS acted as Global Coordinators and Joint Bookrunners and Nordea Bank Abp, Filial i Norge, Credit Agricole Corporate and Investment Bank, and Clarksons Securities AS, acted as Joint Lead Managers in the bond issue.<\/p>\n<p align=\"justify\">For further information, please contact:<\/p>\n<p align=\"justify\">James Doyle \u2013 Head of Corporate Development &amp; Investor Relations<br \/>Tel: +1 203-900-0559<br \/>Email: investor.relations@scorpiotankers.com<\/p>\n<p align=\"justify\">\n        <strong>About Scorpio Tankers Inc.<\/strong>\n      <\/p>\n<p align=\"justify\">Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers Inc. currently owns or lease finances 99 product tankers (38 LR2 tankers, 47 MR tankers and 14 Handymax tankers) with an average age of 8.8 years. Additional information about the Company is available at the Company\u2019s website www.scorpiotankers.com, which is not a part of this press release.<\/p>\n<p>\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">Matters discussed in this press release may constitute forward\u2010looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward\u2010looking statements in order to encourage companies to provide prospective information about their business. Forward\u2010looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words \u201cbelieve,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cestimate,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201ctarget,\u201d \u201cproject,\u201d \u201clikely,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cwould,\u201d \u201ccould\u201d and similar expressions identify forward\u2010looking statements.<\/p>\n<p align=\"justify\">The forward\u2010looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management\u2019s examination of historical operating trends, data contained in the Company\u2019s records and other data available from third parties. Although management believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Company\u2019s control, there can be no assurance that the Company will achieve or accomplish these expectations, beliefs or projections. The Company undertakes no obligation, and specifically declines any obligation, except as required by law, to publicly update or revise any forward\u2010looking statements, whether as a result of new information, future events or otherwise.<\/p>\n<p align=\"justify\">In addition to these important factors, other important factors that, in the Company\u2019s view, could cause actual results to differ materially from those discussed in the forward\u2010looking statements include unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies in response to epidemic and other public health concerns including any effect on demand for petroleum products and the transportation thereof, expansion and growth of the Company\u2019s operations, risks relating to the integration of assets or operations of entities that it has or may in the future acquire and the possibility that the anticipated synergies and other benefits of such acquisitions may not be realized within expected timeframes or at all, the failure of counterparties to fully perform their contracts with the Company, the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for tanker vessel capacity, changes in the Company\u2019s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company\u2019s vessels, availability of financing and refinancing, charter counterparty performance, ability to obtain financing and comply with covenants in such financing arrangements, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, including the impact of the conflict in Ukraine and the developments in the Middle East, including the armed conflict in Israel and Gaza, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off\u2010hires, and other factors. Please see the Company\u2019s filings with the U.S. Securities and Exchange Commission for a more complete discussion of certain of these and other risks and uncertainties.<\/p>\n<p align=\"justify\">Contact Information<\/p>\n<p align=\"justify\">Scorpio Tankers Inc.<br \/>James Doyle \u2013 Head of Corporate Development &amp; Investor Relations<br \/>Tel: +1 203-900-0559<br \/>Email: investor.relations@scorpiotankers.com<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMzMzIyMCM2Njk3NjkxIzIwODMwNDY=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/NzgzMzRiZGMtMWJiMS00N2NkLWEzZWItNmY5MGQ5MTdjNTA2LTEwOTQ2MTc=\/tiny\/Scorpio-Tankers-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>MONACO, Jan. 16, 2025 (GLOBE NEWSWIRE) &#8212; Scorpio Tankers Inc. (NYSE: STNG) (\u201cScorpio Tankers\u201d or the \u201cCompany\u201d) announces today that it has successfully placed USD 200 million of new senior unsecured bonds in the Nordic bond market. An application will be made for the bonds to be listed on the Oslo Stock Exchange. The new bonds are due to mature in January 2030 and will pay a fixed coupon of 7.5% per annum, payable semi-annually in arrears. The net proceeds from the bond issue shall be used to refinance the Company\u2019s existing USD 70.6m senior unsecured notes and for general corporate purposes. DNB Markets, Arctic Securities AS, and Pareto Securities AS acted as Global Coordinators and Joint Bookrunners and Nordea &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/scorpio-tankers-inc-announces-successful-placement-of-5-year-senior-unsecured-bonds\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Scorpio Tankers Inc. Announces Successful Placement of 5-year Senior Unsecured Bonds&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-801654","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Scorpio Tankers Inc. Announces Successful Placement of 5-year Senior Unsecured Bonds - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/scorpio-tankers-inc-announces-successful-placement-of-5-year-senior-unsecured-bonds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Scorpio Tankers Inc. Announces Successful Placement of 5-year Senior Unsecured Bonds - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MONACO, Jan. 16, 2025 (GLOBE NEWSWIRE) &#8212; Scorpio Tankers Inc. (NYSE: STNG) (\u201cScorpio Tankers\u201d or the \u201cCompany\u201d) announces today that it has successfully placed USD 200 million of new senior unsecured bonds in the Nordic bond market. An application will be made for the bonds to be listed on the Oslo Stock Exchange. The new bonds are due to mature in January 2030 and will pay a fixed coupon of 7.5% per annum, payable semi-annually in arrears. The net proceeds from the bond issue shall be used to refinance the Company\u2019s existing USD 70.6m senior unsecured notes and for general corporate purposes. DNB Markets, Arctic Securities AS, and Pareto Securities AS acted as Global Coordinators and Joint Bookrunners and Nordea &hellip; Continue reading &quot;Scorpio Tankers Inc. 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