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
If content does not display, please refresh your browser.
Not a subscriber?
Find out about tailored subscription packages:
T: +44 (0) 20 3377 3792