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DNB Capital, Societe Generale, Others Provide $175MM Multicurrency Credit Facility to Eneti

April 04, 2022, 07:19 AM
Filed Under: Energy

On March 31, 2022, Eneti, Inc. signed its previously announced five year $175.0 million multicurrency credit facility (the “Credit Facility”) from DNB Capital LLC, Societe Generale, Citibank, Credit Agricole Corporate and Investment Bank and Credit Industriel et Commercial.

The Company expects to draw down the Credit Facility within April 2022 and confirms the immediate use of proceeds will include repayment of outstanding debt under its existing $60.0 million ING revolving credit facility (which will be terminated) and the repayment in full of $53.0 million of outstanding redeemable notes due March 2023.

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