NEW YORK, April 8, 2026 – Proskauer advised Scorpio Tankers Inc. in its announced offering of $325 million in 1.75% convertible senior notes due 2031. The offering is expected to close on April 10, 2026, subject to the satisfaction of certain customary closing conditions. As part of the offering, Scorpio plans to repurchase approximately 1.34 million shares of its common stock at $74.36 per share, totaling around $100 million. Additionally, initial purchasers have a 13-day option to buy up to an additional $50 million in notes, potentially increasing net proceeds to $363.3 million. The notes, which mature on April 15, 2031, have an initial conversion rate of 9.9615 shares per $1,000 principal amount, translating to a conversion price of approximately $100.39 per share.
The Proskauer team was led by partner Brian Rosen and partners Boris Dolgonos and Louis Rambo and associates Sophia Coutavas and Hannah Michalek (Capital Markets).
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