"Seatrium is pleased to partner with UOB on our inaugural green loan facility that will enable us to unlock new opportunities to scale our business ambitions in maritime and offshore renewables,” says Adrian Teng, chief financial officer (CFO) of Seatrium.
Seatrium has, through its wholly-owned subsidiary, Seatrium Financial Services, secured a $400 million committed green revolving loan facility from United Overseas Bank (SGX:U11
) (UOB).
The loan facility is underpinned by green loan principles and will finance Seatrium’s green and, or environmentally sustainable projects. It will also help the group achieve its environmental, social and governance (ESG) targets over time.
