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Scorpio Tankers Inc. Announces Redemption of Nordic Bonds and a New Credit Facility

Credit & Bond MarketsBanking & LiquidityCompany Fundamentals

Scorpio Tankers (STNG) issued a redemption notice for its 7.5% senior unsecured notes due 2030 and secured a commitment for a new credit facility. The refinancing step is likely to improve funding flexibility, though specific pricing/size and timing were not provided.

Analysis

Scorpio Tankers (STNG) issued a redemption notice for its 7.5% senior unsecured notes due 2030 and secured a commitment for a new credit facility. The refinancing step is likely to improve funding flexibility, though specific pricing/size and timing were not provided.

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Market Sentiment

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mildly positive

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0.15

Ticker Sentiment

STNG0.25

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