MONACO--(Marketwired - Jun 24, 2014) - Scorpio Tankers Inc. (
The Company intends to use the net proceeds of the offering of the Notes for a concurrent share repurchase of up to $150 million and general corporate purposes, including additional potential repurchases of its common stock.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes in any jurisdiction in which such offer, solicitation or sale is unlawful. Any offer of the Notes will be made only by means of a private offering memorandum.
The Notes and the common stock issuable upon conversion of the Notes have not been, and will not be, registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold absent registration or an applicable exemption from registration requirements under the Securities Act.
Forward-Looking Statements The statements in this press release that are not historical facts may be forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different, including the Company not completing the offering.