Scorpio Bulkers Announces Public Offering of Common Shares

Scorpio-Bulkers

Scorpio Bulkers announced that it intends to offer, issue and sell to the public 20,000,000 shares of its common stock, par value $0.01 per share, through an underwritten public offering.

The net proceeds of the Offering are expected to be used for general corporate purposes. As part of the Offering, Scorpio Services Holding Limited has expressed an interest to purchase Common Shares at the public offering price with a value of at least $15 million.

The Company also intends to grant the underwriters a 30-day option to purchase up to an additional 3,000,000 Common Shares.

Clarksons Platou Securities Inc. is acting as Sole Bookrunner & Joint Lead Manager in the Offering and BTIG, LLC, Pareto Securities Inc. and Stifel, Nicolaus & Company, Incorporated are acting as Joint Lead Managers in the Offering.

The Company’s Common Shares trade on the New York Stock Exchange under the symbol “SALT.”

LEAVE A COMMENT

×

Comments are closed.