Scorpio Tankers increases ING Bank credit facility to $132.5 million

By Wendy Van Sickle

Columbus, Ohio, Jan. 13 – Scorpio Tankers Inc. upsized its credit facility with ING Bank NV to $132.5 million from $87 million, according to a Wednesday press release.

The interest rate is Libor plus 195 basis points.

Proceeds will be used to partially finance the purchase of crude oil tanker STI Lombard and to refinance an MR product tanker built in 2015.

Monaco-based Scorpio is an oil tanker business.

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