Singapore's Ezra Holdings closes loan facility for new vessel

[SINGAPORE] Ezra Holdings Ltd, a Singapore-listed oilfield service company, said it had successfully closed an increased loan facility to finance the building of its new construction vessel up to its completion.

The vessel, Lewek Constellation, is on track to turn fully operational by March 2015 and has outstanding contracts worth nearly US$0.5 billion, the company said in a statement on Friday.

Ezra also said that its subsea services division has secured multiple contract wins worth US$65 million, pushing the company's total year-to-date contract wins to more than US$355 million.

REUTERS