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BRIEF-Scorpio Tankers Inc Announces Update On Financing Activities

Reuters ·  Sep 25, 2020 09:28

Sept 24 (Reuters) - Scorpio Tankers Inc STNG.N :

* . ANNOUNCES UPDATE ON FINANCING ACTIVITIES

* UPDATE ON FINANCING FACILITIES, WHICH ARE EXPECTED TO INCREASE LIQUIDITY BY APPROXIMATELY $82.0 MILLION

* FINALIZED COMMITMENTS FROM THREE FINANCIAL INSTITUTIONS FOR SALE AND LEASEBACK OF EIGHT MR PRODUCT TANKERS

* SCORPIO TANKERS- IN ADDITION, RECEIVED A NEW COMMITMENT OF $12.0 MILLION TO FINANCE SCRUBBERS ON SIX MRS OF WHICH, FIVE HAVE BEEN INSTALLED TO DATE

* TWO OF EIGHT VESSELS HAVE ALREADY BEEN DELIVERED, REMAINING SIX VESSELS ARE EXPECTED TO BE DELIVERED IN Q4 OF 2020

* INCLUDING NEW FINANCING ARRANGEMENT, CO EXPECTS TO RAISE APPROXIMATELY $66 MILLION OF AGGREGATE ADDITIONAL LIQUIDITY

Source text for Eikon: Further company coverage: STNG.N

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