Seatrium Limited (SG:5E2) has released an update.
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.
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