Scorpio Tankers Inc. Announces Commitments for New $500.0 Million Revolving Credit Facility
Scorpio Tankers Inc. Common Shares (STNG)
Last scorpio tankers inc. common shares earnings: 2/19 06:40 am
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US:NYSE Investor Relations:
scorpiotankers.com/investors/shareholder-services/stock-price-information
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Source: GlobeNewswire
MONACO, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers," or the "Company") announced today that it has received commitments from a group of financial institutions for a revolving loan of up to $500.0 million (the “Revolving Credit Facility”). The Revolving Credit Facility is a 100% revolving loan, which has a final maturity of seven years from the signing date and gives the Company the flexibility to draw down or repay the loan during the loan tenor. The Revolving Credit Facility is expected to bear interest at SOFR plus a margin of 1.85% per annum and a commitment fee of 0.74% per annum applies for any undrawn amounts. The Revolving Credit Facility is expected to be collateralized by 26 product tankers, which are currently unencumbered, and is expected to amortize/reduce in quarterly installments (starting after the second anniversary of the signing date) with a balloon payment due at maturity date. The Revolving Credit Facility offers the Co
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News
- Scorpio Tankers Inc. (NYSE: STNG) had its price target lowered by analysts at Jefferies Financial Group Inc. from $80.00 to $75.00. They now have a "buy" rating on the stock.MarketBeat
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- Scorpio Tankers Inc. (NYSE: STNG) had its price target lowered by analysts at Jefferies Financial Group Inc. from $90.00 to $80.00. They now have a "buy" rating on the stock.MarketBeat
STNG
Earnings
- 10/29/24 - Beat
STNG
Sec Filings
- 12/12/24 - Form 6-K
- 11/26/24 - Form 144
- 10/29/24 - Form 6-K
- STNG's page on the SEC website