Scorpio Tankers (STNG) said on Tuesday it closed its previously announced private offering of $230 million of convertible senior notes.
The company said the offering generated gross proceeds of about $253.6 million, while net proceeds totaled about $248.8 million after fees and expenses.
In connection with the offering, Scorpio Tankers repurchased 649,427 shares of its common stock at $84.69 per share, using about $55 million of the proceeds.
The company said it plans to use the remaining proceeds for general corporate purposes.
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