Scorpio Tankers reduces outstanding debt substantially
The Monaco-headquartered shipping company announces success in converting bonds into equity, thereby reducing outstanding debt after the tanker carrier’s share price soared this year.
![.Robert Bugbee (left) heads Scorpio group along with Emanuele Lauro. | Photo: David Butler / Marine Money](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/14656970/wqewmk/ALTERNATES/schema-16_9/doc7nxfg148y89171muf6t1.jpg)
Major carrier Scorpio Tanker has cut off a large chunk of outstanding debt.
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