Seacor Marine Refinances Debt, Receives Shipbuilding Contracts

MT Newswires Live12-02

Seacor Marine Holdings (SMHI) said Monday it has signed a senior secured term loan agreement for up to $391 million with an affiliate of EnTrust Global and received separate contracts to build two platform supply vessels for $41 million each.

The loan consolidates existing debt into a single credit facility maturing in Q4 of 2029, addresses $125 million due in 2026 to Carlyle Group (CG), and finances up to half of the shipbuilding contracts, Seacor Marine said.

Additionally, Seacor said it will sell its last two anchor handling towing and supply vessels for $22.5 million, marking its exit from the AHTS asset class by January 2025.

Seacor shares were up more than 3% in recent premarket activity.

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