Issuer
|
Scorpio Tankers Inc.
|
|||
Securities Offered
|
1,800,000 7.50% Senior Notes due 2017 (the "Notes")
|
|||
Principal Amount
|
$
|
45,000,000
|
||
Over-allotment Option
|
$6,750,000 principal amount
|
|||
Maturity
|
October 15, 2017
|
|||
Tax Redemption
|
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 date fixed for redemption, if certain events occur involving changes in taxation.
See "Description of Notes—Optional Redemption for Changes in Withholding Taxes"
|
|||
Coupon
|
7.50% |
|
||
Interest Payment Dates
|
January 15, April 15, July 15 and October 15, commencing January 15, 2015
|
|||
Trade Date
|
October 28, 2014
|
|||
Settlement Date
|
October 31, 2014 (DTC)
|
|||
Public Offering Price
|
$25.00 per Note
|
|||
Underwriters' Discount
|
$0.75 per Note
|
|||
Underwriters' Purchase Price from Issuer
|
$24.25 per Note
|
|||
Net Proceeds to the Issuer (before expenses)
|
$43,650,000 (assuming no exercise of the underwriters' option to purchase additional Notes)
|
|||
Denominations
|
$25 and integral multiples of $25 in excess thereof
|
|||
Record Dates
|
January 1, April 1, July 1 and October 1 (whether or not a Business Day), immediately preceding the relevant Interest Payment Date
|
|||
Offer to Purchase
|
If a Change of Control or a Limited Permitted Asset Sale (each as defined in the prospectus supplement) occurs, the Issuer must offer to repurchase the Notes at a redemption price equal to 101% of the principal amount, plus accrued and unpaid interest to, but excluding, the date of repurchase. See "Description of Notes—Change of Control Permits Holders to Require us to Purchase Notes" and "Description of Notes—Certain Covenants—Limitation on Asset Sales"
|
|||
Ratings
|
The Notes will not be rated by any nationally recognized statistical rating organization
|
|||
Listing
|
The Issuer has applied for listing of the Notes on the New York Stock Exchange. If approved for listing, trading on the New York Stock Exchange is expected to commence within 30 days after the Notes are first issued
|
|||
CUSIP/ISIN
|
Y7542C 114 / MHY7542C1140
|
|||
Joint Book-Running Managers
|
Stifel, Nicolaus & Company, Incorporated
Jefferies LLC Credit Suisse Securities (USA) LLC
Janney Montgomery Scott LLC |
|||
Co-Managers
|
Wunderlich Securities Inc.
BB&T Capital Markets, a division of BB&T Securities, LLC
|
|||
Certain Covenants
|
The indenture governing the Notes will include the covenants described under "Description of Notes—Certain Covenants" in the Preliminary Prospectus Supplement
|