Monaco, January 12, 2025 (GLOBE NEWSWIRE) – Scorpio Transport Company . (NYSE: NYSE:) (Scorpio Tankers or the Company) through its Norwegian investment banks will arrange a series of fixed income investor calls beginning on January 13, 2025. This may be followed by the issuance of five-year US dollar unsecured notes, provided inter alia Market conditions.
The net proceeds from the issuance of the Notes are intended to be used to refinance the Company's existing 7.0% senior unsecured notes due June 30, 2025, with an outstanding principal balance of $70.6 million, and for general corporate purposes.
The senior unsecured notes, if issued, will be offered in the United States or its territories only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Exchange Act of 1933, as amended (the U.S. Securities Act). The Notes, if issued, will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities of Scorpio Tankers Inc., nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful, and is being made in the United States in accordance with of and in accordance with Rule 135C under the Securities Act.
For more information, please contact:
James Doyle, Head of Corporate Development and Investor Relations
Tel: +1 203-900-0559
Email:investor.relations@scorpiotankers.com
About Scorpio Tankers
Scorpio Tankers Inc. It is a company that provides sea transportation services for petroleum products all over the world. Scorpio Tankers Inc. owns Currently or chartering 99 product tankers (39 LR2 tankers, 46 MR tankers and 14 Handymax tankers) with an average age of 8.8 years. Additional information about the Company is available on the Company's website www.scorpiotankers.com, which is not part of this press release.
Forward-looking statements
The matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe protection for forward-looking statements in order to encourage companies to provide forward-looking information about their business. Forward-looking statements include statements regarding future plans, goals, objectives, strategies, events or performance, underlying assumptions and other statements, which differ from 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 such safe harbor legislation. The words “believe, expect, anticipate, estimate, intend, plan, target, project, likely, may, will, will, could, and similar expressions identify forward-looking statements.”
The forward-looking statements contained in this press release are based on various assumptions, many of which in turn are based on other assumptions, including but not limited to management's examination of historical operating trends, data contained in the Company's records and other data available from third parties. Parties. Although management believes that these assumptions were reasonable when made, because such assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond the Company's control, there can be no assurance that the Company will achieve or realize such expectations or beliefs. Or expectations. The Company undertakes no obligation, and specifically declines any obligation, except as required by law, to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
In addition to these important factors, other important factors that, in the Company's view, could cause actual results to differ materially from those discussed in the forward-looking statements, include unanticipated liabilities, future capital expenditures, revenues, expenses, earnings, and Synergy and economic performance. indebtedness, financial condition, losses, future prospects, business and management strategies in response to the pandemic and other public health concerns, including any impact on demand for and transportation of petroleum products, expansion and growth of the Company's operations, risks with respect to the integration of assets or operations of entities it has acquired or may acquire in the future, and the possibility that the expected synergies and other benefits of such acquisitions within the expected time frames or at all, the failure of counterparties to fully perform their contracts with the Company, the strength of global economies and currencies, and general market conditions, including volatility in charter rates and vessel values, changes in demand for tanker vessel capacity, and changes in the Company's operating expenses, including fuel prices, drydocking and insurance costs. , the market for the Company's vessels, the availability of financing and refinancing, the performance of the charter counterparty, the ability to obtain financing and to 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 and local political conditions. and general international, including the impact of the conflict in Ukraine and developments in the Middle East, including the armed conflict in Israel and Gaza, potential disruption of shipping routes due to accidents or political events, and vessel disruption. And cases about employment, and other factors. Please see the Company's filings with the SEC for a more complete discussion of some of these and other risks and uncertainties.
Source: Scorpio Tankers Company
