Scorpio Tankers Inc. Announces Agreements to Sell Four LR2 Product Tankers, a Letter of Intent to Purchase Two Newbuilding MRs and its Intention to Repay All Secured Debt Due 2028
Scorpio Tankers agreed to sell four LR2 product tankers for $285.8 million and signed a letter of intent to buy two new scrubber-fitted MR tankers at $46.25 million each. The company intends to use the proceeds to prepay $367.8 million in secured debt maturing in 2028, effectively retiring five credit facilities and canceling undrawn revolver capacity.
Key figures
- Deal Value Usd
- 285800000
- Fleet size
- 83
- Vessels sold
- 4
- Newbuilding count
- 2
- Fleet avg age years
- 10.2
- Debt prepayment total
- 367800000
- Newbuilding cost per vessel
- 46250000
AI analysis
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