Scorpio Tankers Inc. (NYSE: STNG) has issued a redemption notice for its 7.5% Senior Unsecured Notes due 2030 and received a commitment for a new $90 million credit facility, according to a company statement.

The notes carry an aggregate principal amount of $200 million and were originally scheduled to mature in January 2030. The redemption is expected to take place on July 17, 2026, at a make-whole price of 106.4 to par, plus accrued but unpaid interest.

Standard Chartered Bank and DekaBank Deutsche Girozentrale have committed to the new credit facility, which will be used to finance a portion of the purchase price of four scrubber-fitted MR newbuilding product tankers currently under construction at Jingjiang Nanyang Shipbuilding Co., Ltd. in China. Deliveries are expected in 2026 and 2027.

The credit facility carries a final maturity of seven years from the delivery date of each vessel and bears interest at SOFR plus a margin of 1.20% per annum. The facility is subject to customary conditions precedent and execution of definitive documentation, and is expected to close within the third quarter of 2026.

Monaco-based Scorpio Tankers currently owns 79 product tankers, comprising 29 LR2 tankers, 36 MR tankers, and 14 Handymax tankers, with an average age of 10.2 years.