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Scorpio Tankers, 8.25% Senior Notes due 6/1/2019
Ticker Symbol: SBBC* CUSIP: Y7542C122 Exchange: NYSE
* NOTE: This security is no longer trading as of 3/18/19
Security has been Called for: Monday, March 18, 2019
Feb. 14, 2019 -- Scorpio Tankers Inc. has announced that it has issued a notice of redemption for all $57,500,000 aggregate principal amount of its 8.25% Senior Unsecured Notes due June 2019 to be redeemed on March 18, 2019. The redemption price of the Senior Notes Due June 2019 is equal to 100% of the principal amount to be redeemed, plus accrued and unpaid interest to, but excluding, the Redemption Date. A notice of redemption is being distributed to all registered holders of the Senior Notes Due June 2019 by Deutsche Bank Trust Company Americas.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Scorpio Tankers, Inc., 8.25% Senior Notes due 6/1/2019, issued in $25 denominations, redeemable at the issuer's option on or after 12/1/2018 at $25 per note plus accrued and unpaid interest, and maturing 6/1/2019. Interest distributions of 8.25% per annum ($2.0625 per annum or $0.515625 per quarter) will be paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on the record date that will be 2/15, 5/15, 8/15 & 11/15 respectively (NOTE: the ex-dividend date is one business day prior to the record date). The issuer may redeem the Notes in whole, but not in part, at any time at a redemption price equal to 100% of the principal amount to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date, if certain events occur involving changes in taxation. Upon the occurrence of certain change of control events the holder may require the issuer to repurchase some or all of your Notes at 101% of the principal amount, plus accrued and unpaid interest (see prospectus for further details). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. This security was not rated by Moody’s or S&P at the time of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Goto Parent Company's Record (STNG)
IPO - 3/28/2017 - 2.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $ 50 Million
Yahoo News Summary for SBBC*
YAHOO! Profile for SBBC*
Yahoo Detailed Quote
MarketWatch Quote
MSN Company Report for SBBC*
Company's Online Information Links
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Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Foreign Address and Phone Numbers |
Address: 9, Boulevard Charles III, Monaco 98000 |
Main Phone Number |
+377-9798-5716 |
Address and Phone Numbers |
U.S. Representative |
N.A. |
Address: 150 East 58th Street, New York, NY 10155 |
Main Phone Number |
212-542-1616 |
Fax Number |
Not Available |
Investor Contact
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212-542-1616
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CEO - Emanuele A. Lauro |
CFO - Brian Lee |
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