Scorpio Tankers has actually obtained dedications from a team of banks for a formerly revealed $1.0 billion term car loan as well as rotating credit score center.
The over-subscribed Credit Facility was topped at a quantity of $1.0 billion, as well as is anticipated to be utilized to fund 45 item vessels. Scorpio Tankers presently has, lease funds or bareboat charters-in 113 item vessels (39 LR2 vessels, 60 MR vessels as well as 14 Handymax vessels) with an ordinary age of 7.4 years.
The Credit Facility is anticipated to include a 50% term car loan as well as a 50% rotating car loan, as well as has a last maturation of 5 years from the finalizing day (yet not behind June 30, 2028).
Emanuele Lauro, Chairman as well as chief executive officer of the business, stated: “We appreciate our lenders and their commitment to the company. There is widespread confidence from market constituents on the persistence of current fundamentals, and the competitive structure, terms, and conditions of this new loan, particularly the revolving line of credit, are testament to that view as well as to the steps we have recently taken.”
Earlier this month, Scorpio Tankers obtained a dedication from DekaBank Deutsche Girozentrale for a debt center of as much as $94 million. The credit score center will certainly be utilized to fund one MR item vessel as well as 3 LR2 item vessels.
