The New York Stock Exchange-listed dry bulk shipowner said it had received commitment from two, undisclosed, European financial institutions for a loan facility of up $540m.
“The facility will be used to finance up to 55% of the contract price of six ultramax, nine kamsarmax, and nine capesize vessels currently under construction for delivery in 2015 and 2016,” Scorpio Bulkers said.
The loan facility with a maturity of six years is expected to close within 2014.
The company also said had received proposals from it described as “leading European and Asian financial institutions” for financing 55 – 60% of its remaining unfinanced newbuildings.
Just a year old Scorpio Bulkers operates 17 chartered-in bulkers, and has 79 newbuildings on order that will start delivering from the third quarter of this year.
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