STNG - Scorpio Tankers announces new credit facility to purchase tankers
2023-06-22 06:37:14 ET
- Scorpio Tankers ( NYSE: STNG ) has received a commitment from DekaBank Deutsche Girozentrale for a credit facility of up to $94M to finance one MR product tanker and three LR2 product tankers.
- The credit facility has a final maturity of five years from the drawdown date of each vessel and bears interest at SOFR plus a margin of 1.70% per annum.
- The terms and conditions of this credit facility, including financial covenants, are similar to those set forth in the Company’s existing credit facilities and is expected to close within the third quarter of 2023.
- Source: Press Release
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Scorpio Tankers announces new credit facility to purchase tankers