The senior unsecured 2017 notes will bear an interest rate of 7.5% and the underwriters have a 30-day option to acquire an additional $6.75m of the notes.
Scorpio said the funds raised from the issue would be used general corporate purposes which could include the acquisition of newbuildings or secondhand vessels.
The offer is expected to close on 31 October with the notes listed on the New York Stock Exchange.
Stifel, Jefferies, Credit Suisse and Janney Montgomery Scott will act as joint book-running managers for the offering. Wunderlich Securities and BB&T Capital Markets will act as co-managers for the offering.
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited.  Add Seatrade Maritime News to your Google News feed.   Â
