Back in the Public Saddle

On Tuesday, Scorpio Tankers Inc. filed a preliminary registration statement for an initial public offering of its shares. While lacking in specifics, there is still much to be gleaned. The equity raise, including the green shoes is in the range of $150 million which amount will be supplemented by a new credit facility. Proceeds will be used to re-pay debt and for fleet expansion, targeting modern tankers from 35,000 DWT to 200,000 DWT, which are generally not older than 5 years of age.

This is only an excerpt of Back in the Public Saddle

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.

Existing Users Login
Username
Password

Related Archive Files

• No Related Post