Scorpio Tankers plans $334m financing deals to improve liquidity
New York-listed Scorpio Tankers, the world’s largest product carrier, is planning $334m loans and sale-and-leaseback deals to refinance secured loans as its first-quarter losses widen. The move comes as the company has $350m convertible bonds due in July 2019.
Update: While weak earnings from its long range vessels pushed the world’s largest product carrier into deeper losses, company executives are positive about the market outlook
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