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Stock impact report

Scorpio Tankers Inc. Announces Agreements to sell Two LR2 Product Tankers and to Purchase Two LR2 Newbuilding Product Tankers [Yahoo! Finance]

Scorpio Tankers Inc. Common Shares (STNG) 
Last scorpio tankers inc. common shares earnings: 2/19 06:40 am Check Earnings Report
Company Research Source: Yahoo! Finance
into agreements to sell two, 2016 built LR2 product tankers and to purchase two scrubber-fitted LR2 newbuilding product tankers. Vessel Sales The Company has entered into agreements to sell the 2016 built LR2 product tankers, STI Goal and STI Gallantry for $52.3 million per vessel. These sales are expected to close within the first quarter of 2026. STI Gallantry is currently financed on the Company's 2021 Ocean Yield Lease Financing arrangement and the outstanding lease obligation of $23.4 million is expected to be fully repaid before the end of 2025. STI Goal is currently financed on the Company's 2023 $1.0 Billion Credit Facility and the outstanding debt balance is currently $13.8 million (consisting of $0.3 million and $13.5 million on the term and revolving portions of this facility, respectively). Each of these vessels is due for its 10-year special survey and drydock in the second quarter of 2026, subsequent to the scheduled closing date of the sales and are therefore the re Show less Read more
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