Davis Polk advised Jefferies & Company, Inc. as manager of the placement agents in connection with the approximately $132 million SEC-registered direct offering of 21,639,774 shares of common stock of Scorpio Tankers Inc. The shares are listed on the New York Stock Exchange under the symbol “STNG.”
Based in Monaco, Scorpio Tankers Inc. owns a fleet of 12 tankers, including 4 LR1 tankers, 1 Handymax tanker, 5 MR tankers, 1 LR2 tanker and 1 post-Panamax tanker, and provides marine transportation of petroleum products worldwide.
The Davis Polk corporate team included partner Richard D. Truesdell Jr. and associates Peter E. Devlin and Bin Hu. The tax team included partner Mary Conway and associate William A. Curran. Counsel Hayden S. Baker and associate Amy E. Turner provided environmental advice. Counsel Marcie A. Goldstein provided FINRA advice. Sorina Delia Lazar and Rosemarie Melendez were the legal assistants on the transaction. All members of the Davis Polk team are based in the New York office.
