Scorpio Tankers Inc. Announces Agreements to Sell Four LR2 Product Tankers, a Letter of Intent to Purchase Two Newbuilding MRs and its Intention to Repay All Secured Debt Due 2028

Source · https://www.globenewswire.com/news-release/2026/05/27/3301739/0/en/Scorpio-Tankers-Inc-Announces-Agreements-to-Sell-Four-LR2-Product-Tankers-a-Letter-of-Intent-to-Purchase-Two-Newbuilding-MRs-and-its-Intention-to-Repay-All-Secured-Debt-Due-2028.html

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Scorpio Tankers Inc. Announces Agreements to Sell Four LR2 Product Tankers, a Letter of Intent to Purchase Two Newbuilding MRs and its Intention to Repay All Secured Debt Due 2028

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Scorpio Tankers intends to make unscheduled debt prepayments totaling $367.8 million to retire several secured credit facilities maturing in 2028. — Significant debt reduction improves the balance sheet, reduces interest expense, and lowers financial risk for shareholders.

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The company has agreed to sell four LR2 product tankers for an aggregate sum of $285.8 million. — Provides a substantial immediate cash infusion and suggests a strategic shift or fleet optimization.

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Scorpio Tankers has signed a letter of intent to purchase two newbuilding MR product tankers for $46.25 million each, with delivery in Q1 2030. — Indicates long-term growth and fleet modernization, though the capital outlay is smaller and more distant than the sales/debt repayments.

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Scorpio Tankers Inc. Announces Agreements to Sell Four LR2 Product Tankers, a Letter of Intent to Purchase Two Newbuilding MRs and its Intention to Repay All Secured Debt Due 2028

What matters in this story

Scorpio Tankers Inc. Announces Agreements to Sell Four LR2 Product Tankers, a Letter of Intent to Purchase Two Newbuilding MRs and its Intention to Repay All Secured Debt Due 2028

What matters in this story

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