Seatrium Limited (SG:5E2) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Seatrium Limited has secured a S$1.1 billion three-year global syndicated bank guarantee facility, a landmark deal coordinated by DBS Bank and Standard Chartered Bank to support the company’s future business growth and project needs in the offshore & marine industry. The company’s first syndicated guarantee facility attracted strong support from eight leading financial institutions, underscoring their confidence in Seatrium’s sustainable business model and growth strategy. This strategic move will enable Seatrium to meet bank guarantee requirements for upcoming projects and solidify its capital structure for long-term growth.
For further insights into SG:5E2 stock, check out TipRanks’ Stock Analysis page.
