Scorpio Tankers (NYSE: STNG) gets $50M facility for two LR2 ships
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Scorpio Tankers Inc. has received a commitment from Bank of America for a new credit facility of up to $50 million to finance two 2015-built LR2 product tankers, STI Rose and STI Alexis. The facility will mature seven years after each vessel’s drawdown and will bear interest at SOFR plus a 1.20% margin per year.
Key terms and financial covenants are described as similar to the company’s existing credit facilities. The facility is subject to customary conditions, definitive documentation, and is expected to close in the second quarter of 2026. Scorpio Tankers currently owns 87 product tankers with an average age of 10.2 years and has agreed sales and newbuilding deliveries extending through 2029.
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Key Figures
Credit facility size: $50 million
Facility maturity: 7 years
Interest margin: SOFR + 1.20% per annum
+5 more
8 metrics
Credit facility size
$50 million
Committed Bank of America facility to finance two LR2 tankers
Facility maturity
7 years
Final maturity from drawdown date of each vessel
Interest margin
SOFR + 1.20% per annum
Interest rate on new credit facility
Owned product tankers
87 vessels
Fleet size at time of announcement
LR2 tankers owned
32 LR2 tankers
Part of the 87-vessel product tanker fleet
MR tankers owned
41 MR tankers
Segment of Scorpio Tankers’ product fleet
Handymax tankers owned
14 Handymax tankers
Remaining portion of the product tanker fleet
Average fleet age
10.2 years
Average age of the 87 product tankers
Key Terms
credit facility, SOFR, LR2 product tankers, MR tankers, +2 more
6 terms
credit facility financial
"commitment from Bank of America for a credit facility of up to $50 million"
A credit facility is a flexible loan arrangement that allows a borrower to access funds up to a set limit whenever needed, similar to a company having an overdraft option on a bank account. It matters to investors because it indicates how easily a business can secure cash when required, affecting its ability to manage expenses, invest, or respond to financial challenges.
SOFR financial
"bears interest at SOFR plus a margin of 1.20% per annum"
The Secured Overnight Financing Rate (SOFR) is a market benchmark that measures the cost of borrowing cash overnight using U.S. Treasury securities as collateral. Investors watch SOFR because it acts like a speedometer for short-term interest costs—affecting loan rates, bond yields and the pricing of interest-rate contracts—so movements change borrowing expenses, cash returns and the value of interest-sensitive investments.
LR2 product tankers financial
"used to finance two 2015 built LR2 product tankers, STI Rose and STI Alexis"
MR tankers financial
"currently owns 87 product tankers (32 LR2 tankers, 41 MR tankers and 14 Handymax tankers)"
Handymax tankers financial
"currently owns 87 product tankers (32 LR2 tankers, 41 MR tankers and 14 Handymax tankers)"
forward-looking statements regulatory
"Matters discussed in this press release may constitute forward‐looking statements."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of April 2026
Commission File Number: 001-34677
SCORPIO TANKERS INC.
(Translation of registrant’s name into English)
99, Boulevard du Jardin Exotique, Monaco 98000
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [ ]
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
Attached to this Report on Form 6-K (this “Report”) as Exhibit 99.1 is a copy of the press release issued by Scorpio Tankers Inc. (the “Company”) announcing that the Company has received a new commitment from Bank of America for a credit facility of up to $50 million.
The information contained in this Report on Form 6-K is hereby incorporated by reference into the Company's registration statements on Form F-3 (Registration No. 333-286015) and S-8 (Registration No. 333-290540) that were filed with the U.S. Securities and Exchange Commission, with effective dates of March 21, 2025 and September 26, 2025, respectively.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| SCORPIO TANKERS INC. | ||||||||||||||||||||
| (registrant) | ||||||||||||||||||||
Dated: April 27, 2026 | ||||||||||||||||||||
| By: | /s/ Christopher Avella | |||||||||||||||||||
| Christopher Avella | ||||||||||||||||||||
| Chief Financial Officer | ||||||||||||||||||||
Exhibit 99.1
Scorpio Tankers Inc. Announces New Credit Facility
MONACO, April 27, 2026 (GLOBE NEWSWIRE) — Scorpio Tankers Inc. (NYSE: STNG) (“Scorpio Tankers,” or the “Company”) announced today that the Company has received a commitment from Bank of America for a credit facility of up to $50 million. The credit facility will be used to finance two 2015 built LR2 product tankers, STI Rose and STI Alexis. The credit facility has a final maturity of seven years from the drawdown date of each vessel and bears interest at SOFR plus a margin of 1.20% per annum.
The remaining terms and conditions of this credit facility, including financial covenants, are similar to those set forth in the Company’s existing credit facilities. The credit facility is subject to customary conditions precedent, and the execution of definitive documentation, and is expected to close within the second quarter of 2026.
About Scorpio Tankers Inc.
Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers Inc. currently owns 87 product tankers (32 LR2 tankers, 41 MR tankers and 14 Handymax tankers) with an average age of 10.2 years. The Company has reached agreements to sell six MR product tankers and three LR2 product tankers, which are expected to close in the second quarter of 2026. The Company has also reached agreements for four MR newbuildings that are currently under construction with deliveries expected in 2026 and 2027, four LR2 newbuildings with deliveries expected in 2027 and 2029 and two VLCC newbuildings with deliveries expected in the second half of 2028. Additional information about the Company is available at the Company’s website www.scorpiotankers.com, which is not a part of this press release.
Forward-Looking Statements
Matters discussed in this press release may constitute forward‐looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward‐looking statements in order to encourage companies to provide prospective information about their business. Forward‐looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” “target,” “project,” “likely,” “may,” “will,” “would,” “could” and similar expressions identify forward‐looking statements.
The forward‐looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination of historical operating trends, data contained in the Company’s records and other data available from third parties. Although management believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Company’s control, there can be no assurance that the Company will achieve or accomplish these expectations, beliefs or projections. The Company undertakes no obligation, and specifically declines any obligation, except as required by law, to publicly update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise.
In addition to these important factors, other important factors that, in the Company’s view, could cause actual results to differ materially from those discussed in the forward‐looking statements include unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, expansion and growth of the Company’s operations, risks relating to the integration of assets or operations of entities that it has or may in the future acquire and the possibility that the anticipated synergies and other benefits of such acquisitions may not be realized within expected timeframes or at all, the failure of counterparties to fully perform their contracts with the Company, the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for tanker vessel capacity, changes in the Company’s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company’s vessels, availability of financing and refinancing, charter counterparty performance, ability to obtain financing and comply with covenants in such financing arrangements, changes in governmental rules and regulations or actions taken by regulatory authorities, the impact of the current and future sanctions that may impact the transportation of petroleum products, potential liability from pending or future litigation, general domestic and international political conditions, which have and may continue to disrupt certain global shipping routes, vessel breakdowns and instances of off‐hires, and other factors. Please see the Company’s filings with the SEC for a more complete discussion of certain of these and other risks and uncertainties.
Contact Information
Scorpio Tankers Inc.
James Doyle – Head of Corporate Development & Investor Relations
Tel: +1 203-900-0559
Email: investor.relations@scorpiotankers.com
FAQ
What new financing did Scorpio Tankers (STNG) secure in this 6-K?
Scorpio Tankers received a commitment from Bank of America for a credit facility of up to $50 million. The financing is dedicated to two 2015-built LR2 product tankers, adding long-term secured funding under terms similar to the company’s existing credit lines.
How will Scorpio Tankers use the new $50 million credit facility?
The new credit facility of up to $50 million will finance two 2015-built LR2 product tankers, STI Rose and STI Alexis. This ties the borrowing directly to specific vessels, supporting Scorpio Tankers’ fleet financing and capital structure plans in the LR2 segment.
What are the key terms of Scorpio Tankers’ new Bank of America loan?
The credit facility has a final maturity of seven years from each vessel’s drawdown date and bears interest at SOFR plus 1.20% per annum. Remaining terms and financial covenants are described as similar to Scorpio Tankers’ existing credit facilities with other lenders.
When is Scorpio Tankers’ new credit facility expected to close?
The credit facility commitment is subject to customary conditions precedent and execution of definitive documentation. It is expected to close in the second quarter of 2026, aligning with the company’s ongoing fleet transactions and broader financing arrangements for its product tanker portfolio.
What does Scorpio Tankers’ current fleet look like after this update?
Scorpio Tankers currently owns 87 product tankers, including 32 LR2, 41 MR and 14 Handymax vessels, with an average age of 10.2 years. It has also agreed to sell six MR and three LR2 tankers and has multiple MR, LR2 and VLCC newbuildings scheduled through 2029.
What future fleet changes has Scorpio Tankers already agreed to?
The company has agreements to sell six MR and three LR2 product tankers, with closings expected in the second quarter of 2026. It also has four MR, four LR2, and two VLCC newbuildings scheduled for deliveries between 2026 and 2029, reshaping its fleet profile.