Eneti Inc. Announces the Signing of Its $175 Million Multicurrency Credit Facility, Will Participate in a Conference Call With Bank of America Securities and Attend Citi Bank’s Global Energy, Utilities and Climate Technology Conference

Monaco - April 04, 2022

Eneti Inc. (NYSE:NETI) (the “Company”) announced today that it signed its $175.0 million multicurrency credit facility and will participate in two investor events in April and May 2022.

On March 31, 2022, the Company signed its previously announced five year $175.0 million multicurrency credit facility (the “Credit Facility”) from DNB Capital LLC, Societe Generale, Citibank N.A., 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.

The Company will participate in the following investor events:

On April 13, 2022, a conference call with Julien Dumoulin-Smith, Ken Hoexter and Paul Zimbardo from Bank of America Securities.

On May 10-11, 2022, Citi Bank’s Global Energy, Utilities, and Climate Technology Conference

About Eneti Inc.
Eneti Inc. is focused on the offshore wind and marine-based renewable energy industry and has invested in the next generation of wind turbine installation vessels.

The Company is listed on the New York Stock Exchange under the ticker symbol NETI. Additional information about the Company is available on the Company’s website: www.eneti-inc.com.

Eneti Inc. press release