This latest credit facility, according to Seatrium, will "significantly contribute" to its long-term ESG goals.
Seatrium's CFO Stephen Lu says this continued partnership with UOB marks an important milestone in advancing the company's financial agility and deepening our commitment to environmental stewardship.
"By linking our financing framework to clearly defined sustainability targets, we are not only reinforcing accountability but also embedding climate-conscious principles into our capital strategy.
"This alignment will actively support our decarbonisation goals and long-term value creation," says Lu.
See also: ACRA and SGX RegCo extends timelines for climate reporting requirements
"As the global energy transformation accelerates, sustainability-linked financing is playing a crucial role in driving the shift toward decarbonisation," says Cindy Kong, UOB's managing director of group corporate banking.
"We are proud to partner Seatrium in championing forward-looking initiatives within the global renewable energy segment. Together, we aim to foster innovation while paving the way for responsible and sustainable business growth globally," she adds.
Seatrium shares gained 1.42% to trade at $2.15 as at 9.40 am.
