Eneti Inc. Announces Closing of a $436.0 Million Credit Facility and Sale of Two NG2500X Vessels
The maturity date of the Credit Facility in relation to each vessel is 12 years from the delivery date of each vessel.
- The maturity date of the Credit Facility in relation to each vessel is 12 years from the delivery date of each vessel.
- The Credit Facility bears interest at a blended margin of SOFR plus 2.36% per annum (exclusive of premiums payable to K-SURE and Eksfin).
- The remaining terms and conditions, including financial covenants, are similar to those of the Company’s existing credit facility.
- These deliveries, along with the delivery of the Seajacks Kraken in October 2023, complete the sale of all of the Company’s NG2500X vessels.