We advised the initial purchaser on the offering

Davis Polk advised the initial purchaser in connection with a Rule 144A offering by Scorpio Tankers Inc. of $230 million aggregate principal amount of its 1.75% convertible senior notes due 2031, including the full exercise of the initial purchasers’ option to purchase additional securities. The convertible senior notes offered are a reopening of the $375 million 1.75% convertible senior notes due 2031 issued by Scorpio Tankers on April 10, 2026.

Based in Monaco, Scorpio Tankers is a provider of marine transportation of petroleum products worldwide. The company currently owns 87 product tankers (32 LR2, 14 Handymax and 41 MR tankers) with an average age of 10.2 years.

The Davis Polk capital markets team included partner Richard D. Truesdell Jr. and associates Lik Hang (Lincoln) Jim and Hye seon Jung. The equity derivatives team included partner Mark M. Mendez and associate Alexander S. Pettingell. Partner Lucy W. Farr, counsel Yixuan Long and associate Hunter P. Shaw provided tax advice. Counsel Michael Comstock and associate Timothy J. Sullivan provided environmental advice. All members of the Davis Polk team are based in the New York office.

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