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

After using another $100 million to repay a loan facility, Seatrium (SGX: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.