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SINGAPORE : Mainboard listed marine services provider, Ezra Holdings, said on Tuesday that it is seeking a three-year unsecured guaranteed financing worth US$100 million.
The financing will comprise an issue of fixed rate guaranteed notes and a guaranteed transferable term loan facility.
Proceeds will be used by Ezra to fund new business ventures or opportunities.
The money will also be used for the firm's capital expenditure or the acquisition of vessels.
The offer of the notes will be launched later Tuesday and Ezra intends to place them out to institutional or accredited investors.
DBS and HSBC have been appointed as joint lead managers and bookrunners for the financing deal.
- CNA/il
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