According to Scorpio Bulkers, the loan facility has a final maturity date of five years from drawdown date and bears interest at LIBOR plus a margin of 2.20% per annum. This loan facility increases the company’s liquidity by approximately US$8 million after repayment of the vessels’ existing debt. The terms and conditions are similar to those set forth in the company's existing credit facilities and the loan facility is subject to customary conditions precedent and the execution of definitive documentation.
Claire Cuddihy
Assistant Editor
Claire joined Palladian Publications in October 2017 after graduating from her MA in English Literature at Swansea University. She is currently working as an Assistant Editor on Global Mining Review, World Coal and Dry Bulk magazine, and is enthusiastic to expand her knowledge across the breadth of these industries.
Having moved to Farnham from the rural landscapes of Suffolk, Claire continues to pursue her passion for cross country running and is planning to run her first half-marathon in the spring.
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