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