BNP Paribas has cut a larger cheque for Scorpio Tankers to fund a couple of products tankers.
The bank has added an extra $27.6m to an existing loan to the New York-listed shipowner, it announced today.
Scorpio says the new cash will be used to refinance debt on two 2013-built vessels.
The extra cash, borrowed at 2.30% above LIBOR, has been secured on similar terms to the company’s existing debt with the bank.
Scorpio
