Eneti Inc

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Debt Financing / Related, Equity Investments, Other Pre-Announcement

Scorpio Bulkers Inc. Announces Exit From Dry Bulk Sector, Classifying Its Fleet As Held For Sale

Published: 12/20/2020 19:17 GMT
(SALT) - .
Announces Exit From Dry Bulk Sector, Classifying Its Fleet As Held for Sale, Giving Notice to Terminate Agreements With Its Vessel Managers, and Intention to Change the Company Name.
Expects to Record a Write-down Ranging From $475.0 Million to $500.0 Million on Vessels Sold and Classified As Held for Sale.company Will Also Write-off Approximately $10.0 Million of Deferred Financing Costs As Outstanding Debt is Repaid.
Board of Directors Has Also Resolved to Seek Shareholders' Approval to Change Name of Company.
Proposed New Name of Company Will Be Announced on Or Before January 8, 2021.
Scorpio Bulkers-submitted Notice of Termination, Effectively Ending Its Relationship With Scorpio Commercial Management Sam.
& Scorpio Ship Management Sam.