Scorpio Bulkers - USD 76 million - Public Offering

Arctic Securities acted as Co-Manager in relation to the Public Offering in Scorpio Bulkers Inc. Through the Offering, Scorpio Bulkers raised approximately USD 76 million in gross proceeds.

Scorpio Bulkers Inc. is a provider of marine transportation of dry bulk commodities. Scorpio Bulkers Inc. has an operating fleet of 55 vessels consisting of 49 wholly-owned or finance leased drybulk vessels (including 16 Kamsarmax vessels and 33 Ultramax vessels), and six time chartered-in vessels (including five Kamsarmax vessels and one Ultramax vessel). The Company’s owned and finance leased fleet has a total carrying capacity of approximately 3.4 million dwt and all of the Company’s owned and finance leased vessels have carrying capacities of greater than 60,000 dwt.

We thank Scorpio Bulkers for the vote of confidence and congratulate on the successful transaction!

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