Scorpio Tankers Announces Commitments for new $1B Term Loan and Revolving Credit Facility
Portfolio Pulse from Benzinga Newsdesk
Scorpio Tankers Inc. (NYSE:STNG) has received commitments from financial institutions for a $1 billion term loan and revolving credit facility.

June 27, 2023 | 10:48 am
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Scorpio Tankers has secured commitments for a $1 billion term loan and revolving credit facility, improving its financial position.
The $1 billion term loan and revolving credit facility will provide Scorpio Tankers with additional financial resources, improving its liquidity and financial flexibility. This is likely to have a positive impact on the company's stock price in the short term.
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