REG - Seascape Energy Asia - Mandate to Structure and Arrange Debt Finance
I'm LongbridgeAI, I can summarize articles.Seascape Energy Asia PLC has exclusively mandated Macquarie Bank Limited to structure and arrange debt financing for the development of its DEWA and Temaris gas fields offshore Malaysia. The multi-tranche facility will support development expenditures, with availability linked to specific milestones. This arrangement is subject to successful legal and technical due diligence and internal approvals.
RNS Number : 6588J Seascape Energy Asia PLC 25 June 2026
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 596/2014 AS AMENDED AND TRANSPOSED INTO UK LAW IN ACCORDANCE WITH THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR").
25 June 2026
Seascape Energy Asia plc
(the "Company", "Seascape Energy" or "Seascape")
Mandate to Structure and Arrange Debt Finance Facilities
Seascape Energy, an E&P company focused on Southeast Asia, is pleased to announce that it has exclusively mandated Macquarie Bank Limited ("Macquarie") to act as the sole Structuring Bank and Technical and Modelling Bank for the debt financing to support the development of the DEWA Cluster (SEA 28%) and Temaris Cluster (SEA 100%) gas fields, offshore Malaysia.
Seascape will work together with Macquarie over the coming months to structure and execute a multi-tranche, debt facility to meet development expenditure with availability linked to certain milestones typical for this type of financing. Any firm offer of financing remains subject to the successful completion of legal and technical due diligence and Macquarie's receipt of all required internal approvals.
Nick Ingrassia, CEO of Seascape, commented:
"Macquarie Bank has a long history of deploying capital to support growth-focused E&P companies like Seascape. We are extremely pleased they have committed to work with us to secure financing to develop these important gas projects to secure domestic supply into Malaysia and regional export markets."
Ends
Enquiries: | |
Seascape Energy Asia plc | IR@seascape-energy.com |
James Menzies (Executive Chairman) Nick Ingrassia (Chief Executive) Pierre Eliet (Executive Director) | |
Stifel (Nomad and Joint Broker) | Tel: +44 20 7710 7600 |
Callum Stewart Jason Grossman Ashton Clanfield | SNELSeascape@Stifel.com |
Cavendish Capital Markets Limited (Joint Broker) | Tel: +44 20 7397 8900 |
Neil McDonald Pete Lynch |
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