Singapore's Ezra Holdings plans $100 million notes via DBS and HSBC

By Jennifer Chiou

New York, May 3 - Ezra Holdings Ltd. said its board has appointed DBS Bank Ltd. and HSBC Ltd. as the joint lead managers of a planned $100 million offering of fixed-rate guaranteed notes.

The company said that the amount may be increased and may involve a guaranteed transferable term loan facility with a tenor of three years.

The financing will be guaranteed by Asian Drilling Services Pte. Ltd. and Emas Offshore Pte. Ltd.

Proceeds are slated for new business ventures, strategic investments and capital expenditures.

Ezra is a provider of offshore support for the oil and gas industry with headquarters in Singapore.

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