Ezra, Swiber struggle to refinance debt amid oil rout

The turmoil may force them to resort to private placement.

A dysfunctional market is putting more stress on companies directly linked to oil and gas, with some bearing a bigger burden than others.

A report by Reuters reveals that two Singapore oilfield service firms are finding it tough to refinance debt maturing later this year as the slump in crude prices has made investors and lenders hesitant, banking sources said.

Ezra Holdings Ltd has a S$200 million ($149 million) bond due September and Swiber Holdings Ltd has a S$85 million bond due in June.

View the full report here.

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