SEACOR Marine Holdings Inc.

Description

SEACOR has closed its transaction with certain affiliates of The Carlyle Group pursuant to which Carlyle exchanged $50 million in principal amount of SEACOR Marine’s outstanding 3.75% convertible senior notes due December 2022 for warrants to purchase shares of the company’s common stock, par value $0.01 per share, at an exercise price of $0.01 per share representing an implied exchange rate of approximately 37.73 Shares per $1,000 in principal amount of the notes (equivalent to an exchange price of $26.50 per Share) for a total of approximately 1.9 million shares. SEACOR Marine and Carlyle also agreed to amend the $125 million in principal amount of the notes that remain outstanding after the exchange to increase the coupon from 3.75% per annum to 4.25% per annum and extend the maturity date of the notes by 12 months to December 2023.

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Estimated Price
$50.0MM
Financing Type
Report Date