Corporate digest

Otto Marine

A UNIT of offshore support vessel owner Otto Marine has taken a US$26 million term loan facility from a US investment firm that is linked to one of Otto's directors, the group said on Friday. Craig Foster Pickett, the president of the lender, is a non-executive and non-independent director of Otto. The loan conditions will be breached if one of Otto's controlling shareholders, Yaw Chee Siew, holds less than 51 per cent…