Janney Montgomery Scott Llc News

Scorpio Bulkers Inc. announced today that it has further upsized and priced its previously announced offering of senior unsecured notes due 2019 in a registered public offering. The size of the offering has been further increased from the previously announced size of $60 million in aggregate principal amount of notes to $65 million in aggregate principal amount of Notes. The notes will mature on September 15, 2019 and may be redeemed in whole or in part at any time or from time to time after September 15, 2016.

Ecochlor, Inc. announced that it has completed a $10 million equity financing to support its growth into the burgeoning ballast water treatment market. Since its formation in 2001, Ecochlor has raised over $22 million in equity. Charlie Miller, Ecochlor’s Chairman and CEO, commented that “we are pleased to have the support of both new and existing investors in this recent financing. The Ecochlor BWTS uses a two-step process to treat ballast water – filtration followed by disinfection with the well-known biocide, chlorine dioxide.