Eneti Inc. (NETI) Announces Proposed $200M Share Offering

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Go back to Eneti Inc. (NETI) Announces Proposed $200M Share Offering

Eneti Inc. Announces Public Offering of Common Shares

November 8, 2021 7:45 AM EST

MONACO, Nov. 08, 2021 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (the Company) announced today that it intends to offer, issue and sell to the public $200 million of shares of its common stock, par value $0.01 per share (the Common Shares), through an underwritten public offering (the Offering). The net proceeds of the Offering are expected to be used for general corporate purposes, including the funding of the Companys wind turbine installation vessel newbuilding program consisting of one contracted newbuilding vessel, one optional newbuilding vessel and one proposed Jones Act compliant newbuilding vessel. As part of the... More