Seatrium Secures S$400 Million Refinancing with Sustainability-Linked Option

Seatrium Financial Services, a subsidiary of Seatrium, has successfully refinanced a S$400 million loan facility due in February 2024 with a three-year committed loan from DBS.

The loan includes a sustainability-linked conversion option, aligning with sustainability-linked loan principles, to support Seatrium in achieving its environmental, social, and governance goals.

Paul Tan, Seatrium’s acting group finance director, expressed gratitude for the strong support from banks, totaling over S$2 billion in sustainable and green financing secured in the year to date.

DBS, recognizing Seatrium as a sustainability pioneer, provided its first sustainability-linked loan to the group in 2021.

Seatrium aims to have 40% of its net order book from renewables and cleaner solutions, along with a 40% reduction in greenhouse gas emissions by 2030.