other material
confidence high
sentiment neutral
materiality 0.60
SEACOR Marine repurchases ~9.1% of shares and all outstanding warrants from Carlyle for $12.9M
SEACOR Marine Holdings Inc.
- Purchased 1,355,761 shares at $4.90/share and warrants for 1,280,195 shares at $4.89/warrant from Carlyle affiliates.
- Aggregate purchase price of ~$12.9M; repurchase eliminates all outstanding warrants.
- Represented ~9.1% of outstanding shares assuming full warrant exercise.
- Funded with proceeds from a vessel sale, with lender waiver under credit agreement.
- CEO states repurchase simplifies capital structure and marks Carlyle's exit after partnership since 2015.