Scorpio Tankers Receives Commitment From DekaBank Deutsche Girozentrale For Credit Facility Of Up To $94M
Portfolio Pulse from Benzinga Newsdesk
Scorpio Tankers (STNG) has received a commitment from DekaBank Deutsche Girozentrale for a credit facility of up to $94 million. The funds will be used to finance one MR product tanker and three LR2 product tankers, with a final maturity of five years from the drawdown date of each vessel.
June 22, 2023 | 10:37 am
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Scorpio Tankers has secured a $94 million credit facility from DekaBank Deutsche Girozentrale, which will be used to finance four product tankers.
The credit facility will provide Scorpio Tankers with the necessary funds to finance the acquisition of four product tankers, which will likely have a positive impact on the company's operations and financial position. This news is directly related to STNG and is important for investors as it shows the company's ability to secure financing for its growth.
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