Scorpio Tankers has won a $300m credit facility that will refinance previous debt backed by several medium-range (MR) products tankers.
The loan will be provided by three banks: ABN Amro, Nordea Bank Finland, Skandinaviska Enskilda Banken.
New York-listed Scorpio will receive a $200m term loan plus a revolving facility that provides up to $100m in cash.
The deal, which is subject to conditions, represents up to 60% leverage on 16 MRs.
The debt bears an interest rate of Libor plus 2.5% per year.
The new loan is one of several finance moves by Scorpio so far this year.
In May, the Emanuele Lauro-led company scored a $44m loan facility from NIBC Bank.
At the start of the year, ING Bank agreed to increase the size of a credit facility to nearly $133m from $87m.
