Scorpio Tankers Inc. Announces Fixed Income Investor Meetings

Core Viewpoint - Scorpio Tankers Inc. is planning to arrange a series of fixed income investor calls starting January 13, 2025, potentially leading to a five-year USD denominated senior unsecured bond issue, subject to market conditions [1] Group 1: Bond Issue Details - The net proceeds from the proposed bond issue are intended for refinancing existing 7.0% senior unsecured notes due June 30, 2025, with an outstanding principal balance of USD 70.6 million, and for general corporate purposes [2] - The senior unsecured bonds, if issued, will be offered only to qualified institutional buyers in the United States under Rule 144A of the Securities Act of 1933, and will not be registered under the Securities Act or any state securities laws [3] Group 2: Company Overview - Scorpio Tankers Inc. is a provider of marine transportation of petroleum products globally, currently owning or leasing 99 product tankers, including 39 LR2 tankers, 46 MR tankers, and 14 Handymax tankers, with an average age of 8.8 years [4]