ING Upsizes Scorpio Tankers Facility to $132.5MM

April 28th, 2016
Tech tipsComputer Tricks

Scorpio Tankers amended and restated its credit facility with ING bank , increasing the borrowing capacity from $87 million to $132.5 million. The proceeds from the upsizing were utilized to partially finance the purchase of STI Lombard and refinance the existing indebtedness on STI Osceola. The facility bears interest at LIBOR plus a margin of 1.95% per annum

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ING Upsizes Scorpio Tankers Facility to $132.5MM

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