Emanuele Lauro-led Scorpio Bulkers has sealed a loan facility of up to $85.5m from Nordea Bank and Skandinaviska Enskilda Banken, which will be used to finance the $142.5m acquisition of six ultramaxes from John Fredriksen’s Golden Ocean.
Scorpio pounced last month for the six Chengxi-built bulkers, all built between 2015 and 2017, after two years of scaling back its fleet.
The loan facility matures in February 2023 and bears interest at LIBOR plus 2.85% per annum. It is subject to conditions and the execution of definitive documentation.
