Ezra: 1) To invest US$130m in 4 new platform supply vessels over nxt 2 yrs. 2) Awarded new charter contracts of US$51m for 6 vessels to be completed in avg of more than 2 yrs….
Funding details for the 4 new vessels not disclosed but co has funds of US$43.5m from existing equity placements and US$88.5m in potential debt drawdowns, a total of approx US$132.0m. Net debt to equity currently at 0.88x. Invt plan comes days after Ezra unveiled purchase of U.S. yard for customized cranes for leasing.
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