Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Scorpio Tankers Inc. > News item |
Scorpio Tankers increases conversion rate for convertibles due 2022
By Wendy Van Sickle
Columbus, Ohio, Nov. 25 – Scorpio Tankers Inc. changed the conversion rates for its convertible senior notes due 2022 effective Monday, according to a 6-K filing with the Securities and Exchange Commission.
The new rate is 25.7401 common shares per $1,000 principal amount of notes, an increase of 0.0764 of a share.
Scorpio made the change because of a cash dividend of $0.10 per common share payable on Dec. 13 to shareholders of record as of Nov. 25.
Scorpio is a New York-based shipping company that operates oil tankers.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.