Meeting an Immediate Need, While Looking to the Future- Scorpio Borrows and Files Shelf

In order to partially finance the recently acquired two LR1 Product tankers of 51,000 DWT built in Korea which deliver this month, Scorpio Tankers Inc. yesterday announced that they had arranged a new credit facility with Nordea Bank, DnB NOR and ABN AMRO to finance 50% of the $70 million purchase price of the vessels. The new facility provides availability of up to $150 million for a year.

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