Scorpio Tankers Redeems 7.00% Notes Due 2025
Ticker: STNG · Form: 6-K · Filed: Feb 28, 2025 · CIK: 1483934
| Field | Detail |
|---|---|
| Company | Scorpio Tankers Inc. (STNG) |
| Form Type | 6-K |
| Filed Date | Feb 28, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-redemption, notes-maturity, finance
Related Tickers: SBBA
TL;DR
Scorpio Tankers is paying off its 2025 notes on March 3rd for $25.31 per share.
AI Summary
Scorpio Tankers Inc. announced on February 28, 2025, the full redemption of its 7.00% Fixed Rate Senior Unsecured Notes due 2025. The redemption will occur on March 3, 2025, with a payment of $25.00 per share plus $0.30625 in accrued interest per share.
Why It Matters
This redemption signals the company's financial health and ability to meet its debt obligations, potentially improving its balance sheet.
Risk Assessment
Risk Level: low — The filing is a straightforward announcement of a debt redemption, with no immediate negative implications for the company.
Key Numbers
- 7.00% — Interest Rate (Interest rate on the notes being redeemed)
- $25.31 — Total Redemption Price (Redemption price ($25.00) plus accrued interest ($0.30625) per share)
Key Players & Entities
- Scorpio Tankers Inc. (company) — Registrant
- 7.00% Fixed Rate Senior Unsecured Notes due 2025 (debt_instrument) — Notes being redeemed
- March 3, 2025 (date) — Redemption date
- $25.00 (dollar_amount) — Redemption price per share
- $0.30625 (dollar_amount) — Accrued interest per share
- SBBA (ticker) — Ticker symbol for the Notes on NYSE
FAQ
What is the total amount Scorpio Tankers Inc. will pay to redeem its 7.00% Fixed Rate Senior Unsecured Notes due 2025?
The company will pay $25.00 per share plus $0.30625 in accrued and unpaid interest per share, totaling $25.30625 per share.
On what date will the redemption of the 7.00% Fixed Rate Senior Unsecured Notes due 2025 be completed?
The full redemption will be completed on March 3, 2025.
What is the CUSIP number for the 7.00% Fixed Rate Senior Unsecured Notes due 2025?
The CUSIP number for the Notes is 80918T208.
What is the ISIN for the 7.00% Fixed Rate Senior Unsecured Notes due 2025?
The ISIN for the Notes is US80918T2087.
Where are the 7.00% Fixed Rate Senior Unsecured Notes due 2025 currently listed?
The Notes are currently listed on the New York Stock Exchange under the ticker symbol 'SBBA'.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on February 28, 2025 regarding Scorpio Tankers Inc. (STNG).