Davis Polk advised the sole book-running manager and representative of the underwriters in connection with the $200 million SEC-registered follow-on offering of 50,000,000 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. is a provider of marine transportation of petroleum products worldwide. As of May 19, 2017, Scorpio owned and operated 78 tankers (23 LR2, 14 Handymax and 41 MR tankers) and time chartered-in and operated 19 tankers (one LR2, nine Handymax and nine MR tankers). On May 23, 2017, Scorpio Tankers Inc. entered into definitive agreements to merge with Navig8 Product Tankers Inc. and acquire its 27 operating eco-design products tankers, subject to certain conditions.

The Davis Polk corporate team included partner Richard D. Truesdell Jr. and associate Jeannette K. Safi. The tax team included partner Mary Conway and associates William A. Curran and Yoojin L. Kim. The environmental team included counsel Loyti Cheng and associate Michael Comstock. All members of the Davis Polk team are based in the New York office.

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