Seatrium uses $100 mil to repay loans; left with $300 mil from rights issue

The company last used another $200 million to repay a loan facility on July 28.

After using another $100 million to repay a loan facility, Seatrium S51 is left with $300 million from the amount raised from its rights issue as at Sept 8.

The company last used another $200 million to repay a loan facility on July 28. Seatrium - then known as Sembcorp Marine or SembMarine - had received the approval from its shareholders to raise some $1.5 billion in proceeds via a rights issue in August 2021.

Shares in Seatrium closed 0.1 cent lower or 0.71% down at 14 cents on Sept 8.

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