Singapore offshore services firm Ezra Holdings has launched a top-up placement to raise up to $125.4 million, IFR reported on Friday.
The company is offering 90 million shares at the base deal size, with an option to increase the offering by up to 20 million shares, bringing the maximum deal size to 12.7% of the existing company capital, according to a term sheet obtained by IFR.
The offer price is $1.10 to 1.14 per share, giving a 5.9 to 9.1% discount to the last price prior to the trading halt on Friday. Ezra requested a trading halt in its shares. Company officials were not immediately available to comment to Reuters.
Credit Suisse and DBS are joint bookrunners for the deal.
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