debt
confidence high
sentiment positive
materiality 0.85
SEACOR Marine enters $391M credit facility with EnTrust Global, orders two PSVs, sells two AHTS vessels
SEACOR Marine Holdings Inc.
- $391M senior secured term loan at 10.30% fixed rate, maturing 2029, to refinance $328.7M of existing debt.
- $41M allocated for two new PSVs (4,650 DWT, battery storage) delivered Q4 2026 and Q1 2027.
- Sold two AHTS vessels for $22.5M; exit from AHTS asset class effective Jan 2025.
- Early redemption of $35M convertible debt eliminates ~10% dilution overhang on SMHI common stock.
- Single credit facility consolidates all debt; quarterly amortization starts $5M in Mar 2025 then $7.5M.