Scorpio Tankers Inc

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Debt Financing / Related, Products, Other Pre-Announcement

Scorpio Tankers Inc Announces Update On Financing Activities

Published: 09/25/2020 01:34 GMT
Scorpio Tankers Inc (STNG) - .
Announces Update on Financing Activities.
Update on Financing Facilities, Which Are Expected to Increase Liquidity by Approximately $82.0 Million.
Finalized Commitments From Three Financial Institutions for Sale and Leaseback of Eight Mr Product Tankers.
Scorpio Tankers- in Addition, Received a New Commitment of $12.0 Million to Finance Scrubbers on Six Mrs of Which, Five Have Been Installed to Date.
Two of Eight Vessels Have Already Been Delivered, Remaining Six Vessels Are Expected to Be Delivered in Q4 of 2020.
Including New Financing Arrangement, Co Expects to Raise Approximately $66 Million of Aggregate Additional Liquidity.