AmericasDry CargoFinance and Insurance

Scorpio Bulkers prices new equity offering

Scorpio Bulkers has said it will sell its latest offering of 20m shares in its common stock at a price of $3.05 per share, which would raise $61m.

Scorpio Services Holding, which is controlled by Scorpio’s founding family, the Lolli-Ghettis, has agreed to purchase 5,250,000 of the shares at the public offering price, spending just over $16m.

The offering’s net proceeds are expected to be used for general corporate purposes, the NYSE-listed company said.

Tags

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.
Back to top button
Close
Close