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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.