The Traderszone Network

Published in TZ Latest News 25 September, 2017 by The TZ Newswire Staff

Scorpio Bulkers Inc. Announces the Acquisition of Six Dry Bulk Ultramax Vessels

MONACO, Sept. 25, 2017 (GLOBE NEWSWIRE) — Scorpio Bulkers Inc. (NYSE:SALT) (“Scorpio Bulkers,” or the “Company”) announced today that it has entered into an agreement with an unaffiliated third party to acquire six Ultramax dry bulk vessels for $142.5 million in the aggregate, which will be funded by cash on hand, as well as existing and new debt facilities which are currently under discussion with our lenders.