--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-23-232602" form_type: "8-K" ticker: "SMHI" cik: "0001690334" company_name: "SEACOR Marine Holdings Inc." filed_at: "2023-09-11T23:59:59+00:00" generated_at: "2026-06-10T21:45:12.811139+00:00" event_type: "debt" sentiment: "positive" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # SEACOR Marine enters $122M term loan with EnTrust Global to refinance $104.6M debt, extend maturities to 2028 ## Summary - $122M senior secured term loan from EnTrust Global; interest rate 11.75% per annum; quarterly amortization of 2.5% of initial principal. - Proceeds refinance $104.6M of existing debt across five facilities, extending maturities from 2023-2026 to 2028. - Funds also used to acquire full ownership of the Amy Clemons McCall vessel (2014 build fast support vessel). - Also amended existing SEACOR Alpine credit facility guaranty to align financial covenants with new facility. - CEO: 'provides financial flexibility to take advantage of favorable market conditions.' ## SEC filing metadata - accession: 0001193125-23-232602 - form_type: 8-K - ticker: SMHI - cik: 0001690334 - company_name: SEACOR Marine Holdings Inc. - filed_at: 2023-09-11T23:59:59+00:00 - event_type: debt - sentiment: positive - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 1.01, 2.03, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1690334/000119312523232602/0001193125-23-232602-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1690334/000119312523232602/d415166d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-23-232602 - JSON: https://secwatch.observer/filing/0001193125-23-232602.json - Plain text: https://secwatch.observer/filing/0001193125-23-232602.txt ## Key facts - Debt Financings SEACOR Marine Holdings Inc. incurred term loan of $122.0 million with EnTrust Global at 11.75% per annum maturing fifth anniversary of the date of funding. - Instrument: term loan - Principal: $122.0 million - Counterparty: EnTrust Global - Rate: 11.75% per annum - Maturity: fifth anniversary of the date of funding - Event: incurrence source text: On September 8, 2023, SEACOR Marine Holdings Inc. (the “Company”), as parent guarantor, SEACOR Marine Foreign Holdings Inc. (“SMFH”), as borrower, and certain other wholly-owned subsidiaries of the Company, as subsidiary guarantors, entered into a credit agreement providing for a $122.0 million senior secured term loan (the “SMFH Credit Facility” and such agreement, the “SMFH Credit Agreement”) with certain affiliates of EnTrust Global, as lenders evidence_url: https://www.sec.gov/Archives/edgar/data/1690334/000119312523232602/0001193125-23-232602-index.htm - Material Agreements SEACOR Marine Holdings Inc. amended A&R SEACOR Alpine Credit Facility Guaranty with Mountain Supply LLC, an affiliate of Hudson Structured Capital Management valued at Amended and restated guaranty with respect to the $28.0 million senior secured term loan facility (effective 2023-09-08). - Action: amendment - Agreement: credit facility - Counterparty: Mountain Supply LLC, an affiliate of Hudson Structured Capital Management - Value: Amended and restated guaranty with respect to the $28.0 million senior secured term loan facility - Effective: 2023-09-08 source text: On September 8, 2023, the Company entered into an amended and restated guaranty (“A&R SEACOR Alpine Credit Facility Guaranty”) with respect to the obligations under that certain $28.0 million senior secured term loan facility, dated June 16, 2023, by and among the Company, as a guarantor, SEACOR Marine Alpine LLC, as a guarantor, SEACOR Alps LLC, SEACOR Andes LLC, and SEACOR Atlas LLC, as borrowers, each a wholly-owned subsidiary of the Company, and Mountain Supply LLC, an affiliate of Hudson Structured Capital Management, as lender, facility agent and security trustee (the “SEACOR Alpine Credit Facility”). evidence_url: https://www.sec.gov/Archives/edgar/data/1690334/000119312523232602/0001193125-23-232602-index.htm - Material Agreements SEACOR Marine Holdings Inc. entered into SMFH Credit Agreement with affiliates of EnTrust Global valued at $122.0 million senior secured term loan (effective 2023-09-08). - Action: entry - Agreement: credit facility - Counterparty: affiliates of EnTrust Global - Value: $122.0 million senior secured term loan - Effective: 2023-09-08 source text: On September 8, 2023, SEACOR Marine Holdings Inc. (the “Company”), as parent guarantor, SEACOR Marine Foreign Holdings Inc. (“SMFH”), as borrower, and certain other wholly-owned subsidiaries of the Company, as subsidiary guarantors, entered into a credit agreement providing for a $122.0 million senior secured term loan (the “SMFH Credit Facility” and such agreement, the “SMFH Credit Agreement”) with certain affiliates of EnTrust Global, as lenders, Kroll Agency Services, Limited, as facility agent, and Kroll Trustee Services Limited, as security trustee. evidence_url: https://www.sec.gov/Archives/edgar/data/1690334/000119312523232602/0001193125-23-232602-index.htm - Material Agreements SEACOR Marine Holdings Inc. entered into SMFH Credit Facility Guaranty with affiliates of EnTrust Global valued at Guaranty with respect to the obligations of the Borrower under the SMFH Credit Agreement (effective 2023-09-08). - Action: entry - Agreement: credit facility - Counterparty: affiliates of EnTrust Global - Value: Guaranty with respect to the obligations of the Borrower under the SMFH Credit Agreement - Effective: 2023-09-08 source text: In connection with the SMFH Credit Facility, the Company issued a guaranty with respect to the obligations of the Borrower under the SMFH Credit Agreement and related documents (the “SMFH Credit Facility Guaranty”). evidence_url: https://www.sec.gov/Archives/edgar/data/1690334/000119312523232602/0001193125-23-232602-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.