Monaco-headquartered Scorpio Bulkers has entered into a financing transaction to sell one of its kamsarmax bulkers and lease it back for a five-year period.
Scorpio is selling 2015-built Japanese built kamsarmax dry bulk vessel SBI Samba for $21.4m. It will then lease the vessel back from the buyer via a five-year bareboat charter agreement at $6,850 per day.
After three years, and through to the end of the charter, Scorpio has the option to repurchase the vessel
Scorpio said it will bank around $6.9m from the deal after repayment of the vessel’s existing loan.