IFR US ECM Pricings
Legence (US, industrial) ─ $722.9m FO. 13.4m shares (Secondary) at $54.00, versus $54.98 last sale and $58.68 at launch. GS, JEFF, BOFA. Upsized from 11m shares. Blackstone Group is the selling shareholder.
Scorpio Tankers (Monaco, oil tankers) ─ $350m 5y cvt priced at 1.75%, up 35% versus fixed price marketing. MS. Upsized from $300m. Wall-cross. Concurrent $100m share repurchase to facilitate delta hedging.
Tamboran Resources (Australia, energy E&P) ─ $103.8m ABB. 3m shares (Primary) at $35.00 versus $35.00-$37.00 marketing and $45.34 last sale. RBC, WF. Wall cross. Entitlement offering with Australian investors via registered direct offering to be completed within five days.