Scorpio Tankers ( (STNG) ) has shared an update.
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Scorpio Tankers Inc. announced that it will hold fixed income investor meetings through its Norwegian investment banks starting January 13, 2025. The company is considering a five-year USD senior unsecured bond issue to refinance existing notes and for general corporate purposes, highlighting its strategic financial management. This move could impact the company’s financial stability and market positioning by potentially lowering financing costs and enhancing liquidity.
More about Scorpio Tankers
Scorpio Tankers Inc. is a global provider of marine transportation services for petroleum products. The company currently owns or lease finances a fleet of 99 product tankers, including LR2, MR, and Handymax tankers, with an average age of 8.8 years.
YTD Price Performance: 9.63%
Average Trading Volume: 981,116
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $2.92B
Find detailed analytics on STNG stock on TipRanks’ Stock Analysis page.
