Scorpio Tankers Inc. announced that all of the holders of the Company’s Convertible Bond due 2025 have converted their bonds into an aggregate of 5,757,698 common shares of Scorpio Tankers.
As a result of the conversion, the Company’s outstanding debt has been reduced by $205.0 million, which was the accreted principal on the outstanding bonds. As of today, the Company has 62,052,370 common shares issued and outstanding, which includes the conversion of all of the Convertible Bonds.