April 17, 2018 / 8:29 PM / 2 days ago

BRIEF-Scorpio Bulkers Announces Refinancing Of An Ultramax Vessel

April 17 (Reuters) - Scorpio Bulkers Inc:

* ANNOUNCES THE REFINANCING OF AN ULTRAMAX VESSEL

* ENTERED INTO A FINANCING TRANSACTION IN RESPECT OF ONE OF COMPANY’S ULTRAMAX VESSELS WITH AN UNAFFILIATED THIRD PARTY IN JAPAN

* WILL SELL A 2015 JAPANESE BUILT ULTRAMAX DRY BULK VESSEL, SBI TANGO, FOR A CONSIDERATION OF $19.0 MILLION

* THIS TRANSACTION INCREASES COMPANY’S LIQUIDITY BY APPROXIMATELY $10.3 MILLION AFTER REPAYMENT OF VESSEL’S EXISTING LOAN Source text for Eikon: Further company coverage:

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