Ezra Holdings says it has appointed DBS Bank and The Hongkong and Shanghai Banking Corporation as joint lead managers and bookrunners to issue fixed rate notes and a transferable term loan facility to secure financing of at least US$100 million ($137 million).

The financing will have a tenor of three years and will be unconditionally guaranteed by Asian Drilling Services and Emas Offshore and, subject to certain conditions subsequent being fulfilled, Emas Offshore (M) Sdn Bhd.

The proceeds will be used to finance new business ventures, joint ventures, capital expenditure or for the acquisition of vessels.