Scorpio Tankers Inc. Announces Agreements To Sell 14 Vessels, An Update On Financings, And Preliminary Q4 2021 Daily Tce Revenues
Scorpio Tankers Inc. Announces Agreements To Sell 14 Vessels, An Update On Financings, And Preliminary Q4 2021 Daily Tce Revenues
01/27/22, 8:45 AM
Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announces that the Company has entered into agreements to sell 14 vessels (two MRs and 12 LR1s), an update on financings, and the preliminary Q4 2021 daily TCE revenues.
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Additional Info
The Company drew down the entire $43.6 million from this credit facility on November 29, 2021, and part of the proceeds were used to refinance the outstanding debt on two LR1 product tankers, STI Precision and STI Prestige, that were previously financed under the ABN AMRO/K-Sure Credit Facility, which was scheduled to mature during the second half of 2022. The Company also has up to $18.0 million of additional liquidity available (after the repayment of existing debt) from previously announced financings that have been committed.