Scorpio Tankers Updates its Financial Activities

  • Scorpio Tankers Inc. announced today that it has received a commitment to sell and leaseback three MR product tankers.
  • The three tankers are (STI Memphis, STI Soho, and STI Osceola) and one LR2 product tanker (STI Lombard) to AVIC International Leasing Co., Ltd. Upon completion.
  • The Company’s liquidity is expected to increase by about $32 million in aggregate after the repayment of outstanding debt.
  • The terms and conditions of these arrangements are similar to those set forth in the Company’s...

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