secwatch.observer — SEC 8-K summary
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Issuer:     SEACOR Marine Holdings Inc. (SMHI)
CIK:        0001690334
Form:       8-K
Filed at:   2023-06-20T23:59:59+00:00
Accession:  0001193125-23-169488
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Seacor Marine secures $28M term loan at 10.25% to refinance vessel construction debt
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- $28M senior secured term loan from Mountain Supply LLC (Hudson Structured); proceeds to repay COSCO shipyard financing for three PSVs.
- Loan bears fixed interest of 10.25% per annum and matures five years after drawdown; monthly installments.
- Borrowers are three Marshall Islands subsidiaries (SEACOR Alps, Andes, Atlas); parent SEACOR Marine Holdings guarantor.
- Facility includes financial covenants: minimum liquidity, debt-to-capitalization, and interest coverage ratio.
- Prepayment allowed with penalties: 1.5% if within 1st year, 1.0% from 1st to 3rd year, none after.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1690334/000119312523169488/0001193125-23-169488-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1690334/000119312523169488/d490128d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-169488

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