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Scorpio Tankers Secures Up to $50 Million Bank Commitment for Vessel Financing

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Scorpio Tankers (STNG) said Monday it received a commitment from Bank of America for a credit facility of up to $50 million to finance two product tankers.

The company said the facility will finance the 2015-built STI Rose and STI Alexis, with a final maturity of seven years from the drawdown date of each vessel and interest set at the Secured Overnight Financing Rate, plus 1.20% per annum.

Scorpio Tankers said the remaining terms and conditions, including financial covenants, are similar to those in its existing credit facilities.

The company expects the facility to close in the second quarter of 2026, subject to customary conditions precedent and the execution of definitive documentation.

Price: $78.00, Change: $-0.37, Percent Change: -0.47%

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