03APR2019 - NEWS - Monaco based dry bulk shipping company Scorpio Bulkers secures loan to finance scrubbers

Monaco based dry bulk shipping company Scorpio Bulkers has recently agreed with certain lenders to increase certain existing credit facilities by a total of USD 41 million. The company reached the agreement in order to finance the installation of exhaust gas cleaning systems (scrubbers) on certain of its vessels. These are structured as upsizings of existing credit facilities and have loan margins matching the loan margins on the respective existing credit facilities. The financing arrangements will be subject to conditions precedent and the execution of definitive documentation.

Published by Editor - www.Livebunkers.com at 03-Apr-2019 05:10:34 [UTC] , contact editor at editor@livebunkers.com