Scorpio Bulkers Inc. (NYSE:SALT) (“Scorpio Bulkers,” or the “Company”) announced that it has entered into
an agreement with an unaffiliated third party to acquire six Ultramax dry bulk vessels for $142.5 million in the aggregate, which will be funded by cash on hand, as well as existing and new debt facilities which are currently under discussion with our lenders.
All of the Ultramax vessels were built in China, of which three were delivered in 2015, one was delivered in 2016, and two were delivered in 2017.