MONACO, April  27, 2026  (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (&#34;Scorpio Tankers,&#34; or the &#34;Company&#34;) announced today that the Company has received a commitment from Bank of America for a credit facility of

STNG

Scorpio Tankers Inc. Announces New Credit Facility

Scorpio Tankers Secures $50 Million Credit Facility for Fleet Expansion

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>MONACO, April  27, 2026  (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (&amp;#34;Scorpio Tankers,&amp;#34; or the &amp;#34;Company&amp;#34;) announced today that the Company has received a commitment from Bank of America for a credit facility of</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Scorpio Tankers Inc. has secured a $50 million credit facility from Bank of America, aimed at financing two LR2 product tankers. This financial boost is expected to enhance the company&#039;s fleet capabilities and operational efficiency as they continue to grow with newbuildings scheduled for delivery in the coming years.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Scorpio Tankers secures $50 million credit facility from Bank of America.</li><li>Funding will finance two LR2 product tankers, STI Rose and STI Alexis.</li><li>Facility has a seven-year maturity and SOFR + 1.20% interest.</li><li>Terms align with existing credit facilities; closure expected in Q2 2026.</li><li>Company expands fleet with ongoing construction of new tankers.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Bank of America (BAC)</strong>: Providing financing to STNG, which may strengthen STNG&#039;s operational capacity.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This news fits into &#039;Corporate Developments&#039; as it signals a positive strategic move for Scorpio Tankers, positioning them for fleet expansion and increased operational capacity. Such developments are critical for investors looking for growth opportunities in the marine transportation sector.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Credit facility enhances liquidity and supports fleet expansion plans.</li><li>Successful execution of new tanker projects may lead to revenue growth.</li><li>Long-term charter rate fluctuations could affect profitability post-financing.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Credit facility is for up to $50 million.</li><li>Interest rate set at SOFR plus 1.20%.</li><li>New earnings contributions expected from two LR2 tankers.</li><li>Existing fleet includes 87 product tankers with an average age of 10.2 years.</li><li>Company has scheduled deliveries for multiple new vessels between 2026 and 2028.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Consider buying STNG for potential fleet growth and operational stability in Q2 2026.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">MONACO, April  27, 2026  (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/STNG">STNG</a>) ("Scorpio Tankers," or the "Company") announced today that the Company has received a commitment from Bank of America for a credit facility of up to $50 million. The credit facility will be used to finance two 2015 built LR2 product tankers, <em>STI Rose</em> and <em>STI Alexis</em>. The credit facility has a final maturity of seven years from the drawdown date of each vessel and bears interest at SOFR plus a margin of 1.20% per annum.</p>  <p align="justify">The remaining terms and conditions of this credit facility, including financial covenants, are similar to those set forth in the Company's existing credit facilities. The credit facility is subject to customary conditions precedent, and the execution of definitive documentation, and is expected to close within the second quarter of 2026.</p>  <p align="justify"><strong>About Scorpio Tankers Inc.</strong></p>  <p align="justify">Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers Inc. currently owns 87 product tankers (32 LR2 tankers, 41 MR tankers and 14 Handymax tankers) with an average age of 10.2 years. The Company has reached agreements to sell six MR product tankers and three LR2 product tankers, which are expected to close in the second quarter of 2026. The Company has also reached agreements for four MR newbuildings that are currently under construction with deliveries expected in 2026 and 2027, four LR2 newbuildings with deliveries expected in 2027 and 2029 and two VLCC newbuildings with deliveries expected in the second half of 2028. Additional information about the Company is available at the Company's website <a href="https://www.globenewswire.com/Tracker?data=kGnCUxKFRQPA4q-K4uYVA4wD-ertnUbZlu2ECg3vEQDQkvDRsEU3O2ivPH9e5rWhfpzDl2nfI0xZ_CIo4FE-26avzwXnQ7XgUe3Xl0oWV9k=" rel="nofollow" target="_blank">www.scorpiotankers.com</a>, which is not a part of this press release.</p>  <p align="justify"><strong>Forward-Looking Statements</strong></p>  <p align="justify">Matters discussed in this press release may constitute forward‐looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward‐looking statements in order to encourage companies to provide prospective information about their business. Forward‐looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "believe," "expect," "anticipate," "estimate," "intend," "plan," "target," "project," "likely," "may," "will," "would," "could" and similar expressions identify forward‐looking statements.</p>  <p align="justify">The forward‐looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in the Company's records and other data available from third parties. Although management believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Company's control, there can be no assurance that the Company will achieve or accomplish these expectations, beliefs or projections. The Company undertakes no obligation, and specifically declines any obligation, except as required by law, to publicly update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise.</p>  <p align="justify">In addition to these important factors, other important factors that, in the Company's view, could cause actual results to differ materially from those discussed in the forward‐looking statements include unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, expansion and growth of the Company's operations, risks relating to the integration of assets or operations of entities that it has or may in the future acquire and the possibility that the anticipated synergies and other benefits of such acquisitions may not be realized within expected timeframes or at all, the failure of counterparties to fully perform their contracts with the Company, the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for tanker vessel capacity, changes in the Company's operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company's vessels, availability of financing and refinancing, charter counterparty performance, ability to obtain financing and comply with covenants in such financing arrangements, changes in governmental rules and regulations or actions taken by regulatory authorities, the impact of the current and future sanctions that may impact the transportation of petroleum products, potential liability from pending or future litigation, general domestic and international political conditions, which have and may continue to disrupt certain global shipping routes, vessel breakdowns and instances of off‐hires, and other factors. Please see the Company's filings with the SEC for a more complete discussion of certain of these and other risks and uncertainties.</p>  <p><strong>Contact Information</strong></p>  <p>Scorpio Tankers Inc.<br></br>James Doyle – Head of Corporate Development &amp; Investor Relations<br></br>Tel: +1 203-900-0559<br></br>Email: <a href="https://www.globenewswire.com/Tracker?data=98OZdsetsdYd_jBaHeoWMfBFostSieSlLVI2mjiMAr0gDToUhmB_uyHF8XFwM_d9TnFyErARLwqiBIx1NqfJTErSYzhwFXfv7RqrBkkwOgT5zAmFc0hSyxPq0apHJFSN8JhoHPlsq7cR2r6dJ2EISg==" rel="nofollow" target="_blank">investor.relations@scorpiotankers.com</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTcwNzQzNSM3NTU1Mjk1IzIwODMwNDY="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/YjUyNWUwM2QtMWQ5Ni00OTU4LWE1MTAtNzUwNDA5NjEzZmZkLTEwOTQ2MTctMjAyNi0wNC0yNy1lbg==/tiny/Scorpio-Tankers-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/f7e24336-fbde-413f-9519-5f0b0fc0f292"><img src="https://ml.globenewswire.com/media/f7e24336-fbde-413f-9519-5f0b0fc0f292/small/scorpio-png.png" border="0" width="150" height="44" alt="Primary Logo"></img></a></p>

Scorpio Tankers Inc. has secured a $50 million credit facility from Bank of America, aimed at financing two LR2 product tankers. This financial boost is expected to enhance the company's fleet capabilities and operational efficiency as they continue to grow with newbuildings scheduled for delivery in the coming years.

Scorpio Tankers Inc. Announces New Credit Facility

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