Eneti (Safe Bulkers) will use new loan to redeem notes due 2023

Chicago, April 4 – Eneti Inc. announced it will use the proceeds from a new multicurrency credit facility to repay in full the $53 million outstanding redeemable notes due March 2023, according to a press release.

The company signed a new $175 million five-year senior secured green loan on March 31.

Previously known as Scorpio Bulkers Inc., Eneti is based in Monaco and is focused on the offshore wind and marine-based renewable energy industry and has invested in the next generation of wind turbine installation vessels.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.