Tanker

Scorpio erases debt by repurchasing 13 tankers

Money is flowing into the large product tanker company, which uses part of its earnings to pay off USD 137.4m in debt on 13 tankers.
Scorpio Tankers has exercised a purchase option on 13 tankers and thereby repaid debt of USD 137.4m. | Photo: Pr/scorpio Tankers
Scorpio Tankers has exercised a purchase option on 13 tankers and thereby repaid debt of USD 137.4m. | Photo: Pr/scorpio Tankers
by DAG HOLMSTAD

Scorpio Tankers is raising USD 137.4m to retire the debt on 13 product tankers it has bought back from leases, the New York-Monaco-based tanker company announces in a stock exchange release.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Related articles

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading

    Jobs