Scorpio Tankers replenishes $250 million program for securities repurchases

Chicago, Nov. 9 – Scorpio Tankers Inc. replenished the account for its securities repurchase program to buy up to $250 million of the company’s securities, according to a press release.

As of Nov. 9, the full amount was available to purchase common shares or the company’s senior notes due 2025.

The senior notes are the 7% $25-par notes, which trade on the New York Stock Exchange under the symbol “SBBA.”

From July 1 to Nov. 8, the company has used the program to purchase a total of 1,889,643 common shares.

Monaco-based Scorpio is an oil tanker business.

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