debt
confidence high
sentiment neutral
materiality 0.65
SEACOR Marine contemplates 5-yr bond offering; Q1 prelim rev $59.97M, op income $185k
SEACOR Marine Holdings Inc.
- Mandated Clarksons Securities AS and DNB Markets to arrange fixed-income investor calls starting April 24 for potential USD 5-year senior secured bonds.
- Net proceeds to refinance outstanding secured debt of SEACOR Marine and for general corporate purposes.
- Preliminary Q1 2023: operating revenues $59.97M, direct vessel profit $22.7M, operating income $185k (vs losses in prior quarters).
- Fleet utilization 76%, average day rate $14,314 in Q1 2023, up from $11,312 in Q1 2022.
- Bonds will be privately placed in the U.S. under Rule 144A and offshore under Regulation S.