Scorpio Bulkers pockets $28m from refinancing of ultramaxes

Scorpio Bulkers pockets $28m from refinancing of ultramaxes

Emanuele Lauro’s Scorpio Bulkers has been given a commitment by Nordea Bank and DVB Bank for a loan facility of up to $90m.

The loan is being used to refinance up to 60% of the value of six ultramaxes, and will see Scorpio pocket around $28m after the repayment of the existing debt attached to the vessels.

Scorpio says that it expects the facility to be closed by the end of the month.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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