M&A
confidence high
sentiment neutral
materiality 0.55
SEACOR Marine to merge SEACOR OSV Partners I into sub, issue 531,915 shares plus 1,036,079 PIK shares
SEACOR Marine Holdings Inc.
- Merger of SEACOR OSV Partners I LP into wholly-owned sub; expected close before Jan 31, 2022.
- Merger consideration: 531,915 shares of SMHI common stock to limited partners.
- Additional 1,036,079 shares issued to repay PIK loans under amended PIK Loan Agreement.
- Company assumes and guarantees $18.05M of partnership's third-party debt under OSV Credit Facility.
- Shares issued in reliance on Regulation D exemption; shelf registration to be filed within 30 days of close.