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The latest update is out from Seatrium Limited ( (SG:5E2) ).
Seatrium Limited’s wholly owned subsidiary Seatrium Financial Services has priced its inaugural S$400 million fixed-rate notes due 2031 under a S$3 billion multicurrency debt issuance programme, with the notes carrying a 2.95% coupon and an unconditional guarantee from Seatrium. The notes, targeted at institutional and accredited investors in Singapore and arranged by a syndicate led by DBS and Standard Chartered, will be used to refinance existing borrowings, fund acquisitions, capital expenditure and working capital, and provide internal financing within the group, underscoring Seatrium’s efforts to strengthen its capital structure and support future growth in its offshore, marine and energy businesses.
Application will be made for the notes to be listed on the Singapore Exchange, where they will constitute unsecured, unsubordinated obligations ranking pari passu with the issuer’s other similar liabilities. The issuance broadens Seatrium’s funding sources, potentially lowering its financing costs and enhancing financial flexibility as it pursues opportunities linked to the offshore energy market and the ongoing global energy transition.
Seatrium, a long-established engineering solutions provider for offshore, marine and energy infrastructure, operates across 15 countries and maintains deep relationships with major energy companies and transmission system operators. Its diversified portfolio across oil and gas, offshore wind and new energy technologies positions the group to benefit from growing demand for complex offshore assets and decarbonisation-driven investments, which the new funding can help support.
The most recent analyst rating on (SG:5E2) stock is a Buy with a S$3.00 price target. To see the full list of analyst forecasts on Seatrium Limited stock, see the SG:5E2 Stock Forecast page.
More about Seatrium Limited
Headquartered and listed in Singapore, Seatrium Limited is a leading provider of specialised engineering solutions for the global offshore, marine and energy sectors. With more than 60 years of experience and operations in 15 countries, the group focuses on oil and gas newbuilds and conversions, offshore wind, and repairs and upgrades, delivering assets such as FPSOs, FPUs and offshore converter platforms for major energy companies worldwide.
The company is positioning itself as a key player in the global energy transition, expanding into technologies like carbon capture and storage and new energies. Supported by over 24,000 employees and an integrated network of advanced yards and technology centres, Seatrium aims to create long-term value while prioritising safety, sustainability and innovation for its stakeholders.
Average Trading Volume: 15,907,246
Technical Sentiment Signal: Hold
Current Market Cap: S$8.3B
Learn more about 5E2 stock on TipRanks’ Stock Analysis page.