Scorpio Bulkers Inc. (NYSE: SALT) (the "Company") announced today that it has closed a previously announced credit facility with a leading European financial institution.

$42.0 Million Loan Facility

On January 30, 2015, the Company closed a previously announced $42,000,000 credit facility with a leading European financial institution to finance a portion of the purchase price of two Kamsarmax vessels (of which one Kamsarmax vessel was recently delivered to the Company from Imabari Shipbuilding Co. Ltd., Japan and one Kamsarmax vessel is under construction at Imabari Shipbuilding Co. Ltd., Japan). The facility may be drawn in two tranches, each of which has a final maturity six years from the date of the respective vessel delivery from the yard.

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