Seatrium Limited (Seatrium, or the Group) is pleased to
announce that its wholly-owned subsidiary, Seatrium Financial Services Pte. Ltd. (SFS) has
secured a S$500 million committed revolving credit loan facility (RCF) arranged by DBS Bank
Limited, The Hongkong and Shanghai Banking Corporation Limited (HSBC) and Standard
Chartered Bank (Singapore) Limited.
The RCF will provide additional funding and liquidity to Seatrium, increasing its financial flexibility.
Seatrium acted as the guarantor for SFS and HSBC was the loan facility agent.
Mr Paul Tan, Acting Group Finance Director, Seatrium said, “As part of the Group’s proactive
capital management, the S$500 million committed revolver will support our business operations
and other strategic business needs. Securing the revolving credit facility not only bears testament
to Seatrium’s financial strength and business outlook, but also reflects the strong support from top
financial institutions for the growth of the offshore, marine and energy industries in Singapore. We
would like to express our appreciation to our relationship banks for their unwavering support and
trust.”
Mr Lim Wee Seng, Group Head of Energy, Renewables and Infrastructure, Institutional Banking
Group, DBS Bank, said, “DBS Bank is pleased to be part of this inaugural club loan to provide
Seatrium with funding for strategic growth and new opportunities. As a leading financial institution
in Asia, we are committed to helping companies compete on the global stage and strengthening
Singapore's position as a key hub for business.”
Mr Lim Jit Min, Managing Director and Head of Large Local Corporates, Global Banking, HSBC
Singapore, said, “HSBC has a longstanding relationship with Seatrium. We are pleased to play a
role in supporting the company’s growth aspirations. This new facility will enable Seatrium to
expand its business further, especially as opportunities in the area of energy transition gathers
momentum.”
Mr Freddy Ong, Head of Client Coverage, Singapore, Corporate, Commercial and Institutional
Banking, Standard Chartered Bank (Singapore) Limited, said, “We are delighted to further
strengthen our longstanding partnership with Seatrium Group in their growth and expansion plans.
With our extensive regional and global footprint, coupled with our innovative solutions, we are well
placed to support Seatrium in their sustainable growth agenda.”
In addition to this latest RCF, Seatrium has secured green trade finance and sustainability-linked
facilities exceeding S$2 billion to augment its sustainability efforts and green investments in the
offshore renewables space.
