Scorpio Tankers Raises 334 Million Dollars

- Apr 27, 2018-

Scorpio Tankers, a Monaco shipowner, is seeking to raise 334 million U.S. dollars through bank loans and sales leases. The company signed the agreed loan amount to refinance part of its unsecured debt. If it is finalized, after repaying the ship’s existing secured debt, it will increase 334 million U.S. dollars in new liquidity.


Scorpio Tankers stated that the terms of the credit and lease financing arrangements including the company’s current contracts, pricing and prepayments are similar to the previous terms. welding overlay


The new credit and leasing financing arrangements need to be approved by the credit agency, followed by customary regulations and final contracts.


Scorpio Tankers released its performance report for the first three months of 2018. The company had a net loss of 31.8 million U.S. dollars during this period and a loss of 11.5 million U.S. dollars during the same period of last year. pipe fittings