April 3, 2018 / 8:44 PM / 23 days ago

BRIEF-Scorpio Bulkers Gets Commitment For Loan Facility Of Up To $12.75 Mln

April 3 (Reuters) - Scorpio Bulkers Inc:

* ANNOUNCES A COMMITMENT FOR A NEW LOAN FACILITY

* RECEIVED COMMITMENT FOR A LOAN FACILITY OF UP TO $12.75 MILLION FROM EUROPEAN FINANCIAL INSTITUTION

* ‍LOAN FACILITY HAS FINAL MATURITY DATE OF 5 YEARS FROM DELIVERY AND BEARS INTEREST AT LIBOR PLUS MARGIN OF 2.40% PER ANNUM​

* RECEIVED COMMITMENT TO FINANCE KAMSARMAX BULK CARRIER TO DELIVERED FROM JIANGSU NEW YANGZIJIANG SHIPBUILDING LTD IN CHINA IN Q3 2018 Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)

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