Seatrium unit refinances revolver, adds sustainability terms

By Mary-Katherine Stinson

Lexington, Ky., Oct. 2 – Seatrium Ltd.’s wholly owned subsidiary, Estaleiro Jurong Aracruz Ltda., refinanced its existing $500 million revolving credit facility from Standard Chartered Bank (Singapore) Ltd., according to a notice.

The facility includes a sustainability-linked conversion option aligned to the sustainability-linked loan principles. Currently, the group’s ESG goals are to achieve 40% of its net order book from renewables and cleaner/green solutions and reduce its greenhouse gas emissions by 40% by 2030.

Seatrium, formerly SembCorp Marine, is a Singapore-based company providing engineering solutions to the global offshore, marine and energy industries.

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