Scorpio Tankers’ $300 Million Follow-On Common Shares Offering


Fried Frank acted as counsel to Bank of America Merrill Lynch, BTIG, and Clarksons Platou Securities, as underwriters, in Scorpio Tankers’ US$300 million follow-on equity offering of 162,162,163 common shares.

Scorpio Tankers is a provider of marine transportation of petroleum products worldwide. The company, led by Emanuele A Lauro, Robert Bugbee and Brian M Lee, in 2017 recorded $512 million revenues.

The Fried Frank Team was led by corporate partner Joshua Wechsler (Picture) and included corporate partner Andrew B. Barkan, tax partner Joseph E. Fox, corporate special counsel Edward Welch, environmental special counsel Donna Mussio, corporate associate Justin Sedor, tax associate Geoffrey K. Stauffer, and corporate law clerk Timothy J. Machat.

Involved fees earner: Joshua Wechsler – Fried Frank Harris Shriver & Jacobson; Andrew Barkan – Fried Frank Harris Shriver & Jacobson; Edward Welch – Fried Frank Harris Shriver & Jacobson; Justin Sedor – Fried Frank Harris Shriver & Jacobson; Joseph Fox – Fried Frank Harris Shriver & Jacobson; Geoffrey Stauffer – Fried Frank Harris Shriver & Jacobson; Donna Mussio – Fried Frank Harris Shriver & Jacobson;

Law Firms: Fried Frank Harris Shriver & Jacobson;

Clients: Bank of America Merrill Lynch; Clarksons Platou Securities; BTIG, LLC;

Author: Ambrogio Visconti