Lacklustre offshore market pushes Ezra to prowl for fresh capital: Bloomberg

It’s trying to sell roughly $100m of new stock.

Bloomberg reports that Singapore’s Ezra Holdings Ltd., seeking to weather a slump in the offshore marine services industry, is evaluating ways to strengthen its capital structure, people with knowledge of the matter said.

The company is working with a financial adviser to find investors for about $100 million of new stock, the people said, asking not to be identified as the process is private. It is also seeking to term out more than $100 million of its loans and bonds, as it tries to ease a short-term financing strain in part by extending its debt maturities, one of the people said.

Read the full report here.
https://www.bloomberg.com/news/articles/2016-07-29/singapore-s-ezra-said-to-seek-fresh-capital-to-weather-downturn

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Top News

AI keeps Singapore factories firing
Electronics climbed 35.8% as chemicals, biomedical, and transport engineering weakened.
Airwallex raises $320m in Series H funding round
Airwallex plans to expand into new markets and scale its AI teams.

Exclusives

Monday.com picks Singapore for Southeast Asia expansion
Its in-house designers created Singapore-inspired artwork in the company's colors.
Tsuklio targets dual-income families in Singapore expansion
The Japanese meal subscription platform logged 3,000 pre-registrations before launch.
Choosier Asia buyers steer auctions toward rare art
Collectors are bidding harder for works with clear ownership histories.