SEACOR Marine Announces Complete Debt Refinancing, Newbuild Orders, and Vessel Sales
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SEACOR Marine Holdings Inc. (NYSE: SMHI) has announced a complete debt refinancing with a new $391 million credit facility, newbuild orders for two platform supply vessels, and the sale of two anchor handling towing and supply vessels.
December 02, 2024 | 11:15 am
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SEACOR Marine has secured a $391 million credit facility to refinance its debt and fund new shipbuilding contracts. The company is also selling two vessels for $22.5 million.
The refinancing consolidates SEACOR Marine's debt, potentially improving financial stability and reducing interest expenses. The newbuild orders indicate growth and modernization, while the vessel sales provide immediate capital. These actions are likely to positively impact SMHI's stock price in the short term.
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