Moanco-headquartered Scorpio Tankers has sealed deals for three separate loan facilities worth up to $195.9m, adding $53.9m of new liquidity to the company after the repayment of existing secured debt.
ABN AMRO Bank and Skandinaviska Enskilda Banken are providing a loan facility of up to $120.6m to finance up to 65% of the fair market value of a handymax product tanker, an MR product tanker and three LR2 product tankers.
Additionally, ING Bank has agreed to increase a $132.5m credit facility to $171.2m in order to finance up to 65% of the fair market value of a handymax product tanker and an MR product tanker.
Additionally, another leading European financial institution will provide a $36.7m loan facility to finance two MR product tankers.
