Scorpio Tankers Inc. Announces Redemption of Nordic Bonds and a New Credit Facility
Scorpio Tankers announced the redemption of its 7.5% Senior Unsecured Notes due 2030, with a principal amount of $200 million, at a make-whole price of 106.4% of par plus accrued interest. Simultaneously, the company secured a new $90 million credit facility from Standard Chartered Bank and DekaBank, carrying an interest rate of SOFR plus 1.20% to finance four newbuilding MR tankers.
Key figures
- Deal Value Usd
- 90000000
- Offering Price
- 1.2
- Margin new
- 1.20%
- Maturity new
- 7 years from delivery date
- Maturity old
- January 2030
- Coupon rate old
- 7.5%
- Redemption price
- 106.4% of par
- Redemption amount
- $200 million
AI analysis
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