Scorpio Tankers Announces Sale and Leaseback Agreements for Five Product Tankers
Scorpio Tankers Inc. Common Shares (STNG)
Last scorpio tankers inc. common shares earnings: 2/19 06:40 am
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US:NYSE Investor Relations:
scorpiotankers.com/investors/shareholder-services/stock-price-information
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Source: GlobeNewswire
MONACO, May 17, 2018 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers” or the “Company”) announced today that it has agreed to sell and leaseback three MR product tankers (STI Ville, STI Fontvieille and STI Brooklyn) and two LR2 product tankers (STI Rose and STI Rambla) to AVIC International Leasing Co., Ltd. Upon completion, the Company’s liquidity is expected to increase by $42 million in aggregate after the repayment of outstanding debt. These lease financing arrangements are part of the Company’s new financing initiatives that were announced on April 25, 2018. As part of the agreements, the Company will bareboat charter-in the vessels for a period of eight years. In addition, the Company has purchase options beginning at the end of the second year of each agreement. There is also a purchase obligation for each vessel upon the expiration of each agreement. These lease financing arrangements are subject to customary conditions precedent and the execution
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News
- Scorpio Tankers Inc. Announces That on May 9, 2024, the Company Plans to Issue Its First Quarter 2024 Results and Have a Conference CallGlobeNewswire
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- Scorpio Tankers (STNG) Stock Sinks As Market Gains: Here's Why [Yahoo! Finance]Yahoo! Finance
STNG
Earnings
- 2/14/24 - Beat
STNG
Sec Filings
- 4/19/24 - Form 6-K
- 4/16/24 - Form 6-K
- 4/2/24 - Form 144
- STNG's page on the SEC website