secwatch.observer — SEC 8-K summary
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Issuer:     SEACOR Marine Holdings Inc. (SMHI)
CIK:        0001690334
Form:       8-K
Filed at:   2022-06-17T23:59:59+00:00
Accession:  0001193125-22-175782
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SEACOR Marine amends $130M credit facility; margin rises to 4.75% through Dec 2022
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- Margin increases from 3.75% to 4.75% per annum until Dec 31, 2022, then reverts to 3.75%.
- Cash & equivalents definition amended to include 35% of accounts receivable for Q2-Q4 2022.
- Interest coverage ratio covenant modified through Dec 31, 2022 to provide temporary relief.
- Parent guarantee and certain financial maintenance covenants amended; amendment fee paid.
- Amendment executed June 15, 2022 with DNB Bank and other lenders; effective same date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1690334/000119312522175782/0001193125-22-175782-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1690334/000119312522175782/d349615d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-175782

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