Scorpio Tankers has won a $300m credit facility that will refinance previous debt backed by several medium-range (MR) products tankers.
The loan will be provided by three banks: ABN Amro, Nordea Bank Finland, Skandinaviska Enskilda Banken.
New York-listed Scorpio will receive a $200m term loan plus a revolving facility that provides up to $100m in cash.
The deal, which is subject to conditions, represents up to 60% leverage on 16 MRs.
The
