Scorpio Bulkers is in discussions with its banks to amend more loan requirements, chief executive Emanuele Lauro said Tuesday.

The move follows a fund raiser by the New York-listed bulker owner last month and a string of loan deals in the first quarter. The effort should be complete by the end of the current quarter, Lauro said..

Scorpio Bulkers executives said the company has been taking moves to lengthen its financial runway, and president Robert Bugbee said the current balance sheet should carry the company though 2017 without the need to raise additional equity.

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