Scorpio Tankers announced that it has exercised the purchase options on six ships. The Company has given notice to exercise its purchase options on one 2019 built LR2 product tanker, STI Lobelia, and five 2019 built MR product tankers: STI Magic, STI Mystery, STI Marvel, STI Mythic, and STI Magister. The leases bear interest at LIBOR plus a margin of 3.50% per annum. The purchases, which are expected to occur in June 2023, will result in a debt reduction of $147.3M for the Company.
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Published first on TheFly
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