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Sea1 Offshore Inc Plans Potential Bond Issue Amid Positive Financial Outlook

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Sea1 Offshore Inc Plans Potential Bond Issue Amid Positive Financial Outlook

Siem Offshore AS ( (DE:S5H0) ) has provided an announcement.

Sea1 Offshore Inc has engaged financial institutions to organize investor meetings to discuss a potential USD-denominated senior unsecured bond issue with a 5-year term. The proceeds from this bond would be used for general corporate purposes, including investments in newbuilds and dividends. Preliminary financial results for Q4 2024 reveal operating revenues of USD 68 million and an EBITDA of USD 35 million, with a firm contract backlog standing at USD 840 million as of December 31, 2024.

More about Siem Offshore AS

YTD Price Performance: 26.08%

Average Trading Volume: 1,125

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €309.6M

Learn more about S5H0 stock on TipRanks’ Stock Analysis page.

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