Scorpio Bulkers (SALT) Tops Q4 EPS by 7c; Revs Light
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Scorpio Bulkers Inc. Announces Financial Results for the Fourth Quarter of 2015
February 29, 2016 6:12 AM ESTMONACO -- (Marketwired) -- 02/29/16 -- Scorpio Bulkers Inc. (NYSE: SALT) ("Scorpio Bulkers," or the "Company") today reported its results for the three months and year ended December 31, 2015.
Results for the three months and years ended December 31, 2015 and 2014
For the three months ended December 31, 2015, the Company's adjusted net loss was $22.0 million, or $0.80 adjusted loss per diluted share, which excludes a loss on the sale of assets and a write down of assets held for sale totaling $271.3 million and the related write off of deferred financing costs on credit... More
Scorpio Bulkers Inc. Announces an Amendment of Its Minimum Liquidity Covenant, a Payment Holiday on Future Principal Repayments, Delay of Scheduled Vessel Deliveries and the Termination of Time Charte
February 26, 2016 6:06 PM ESTMONACO -- (Marketwired) -- 02/26/16 -- Scorpio Bulkers, Inc. (NYSE: SALT) (the "Company") announced today that it has agreed in principle with its lenders to (i) amend the minimum liquidity covenant under all its credit facilities and (ii) reduce future principal repayments under its credit facilities. In addition, the Company also agreed in principle to delay scheduled vessel deliveries and terminated the time charter contracts for four vessels.
Amendment of Minimum Liquidity Covenant
The Company has agreed in principle with all its lenders to permanently reduce the level of... More
