Scorpio Bulkers gets millions of dollars in credit from Nordic banks

Two major Nordic banks issue a triple-digit million dollar credit line to Scorpio Bulkers, which the carrier will use to finance a total of 12 ships.

Photo: Scorpio Bulkers

Dry bulk operator Scorpio Bulkers has entered a financing agreement with Nordea and SEB for a credit facility of up to USD 184 million.

The money will be used to finance around 60 percent of the fair market value for six ultramax bulkers and six kamsarmax bulkers, the company writes in a stock exchange notice.

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