Lisa P. Young
Lisa P. Young was appointed to the Board.
Highest-materiality recent filing
SEACOR Marine initiates strategic alternatives review to maximize shareholder value
Board of Directors, with independent financial advisors, reviewing strategic alternatives including sale, merger, or asset sale.
SEACOR Marine amends credit deal, cancels $24.6M undrawn tranche; sells 5 vessels for $46.5M
Released $13.7M from restricted escrow; cancelled $24.6M undrawn Tranche B commitments under Nov 2024 credit agreement.
SEACOR Marine completes sale of two liftboats for $76M; net cash $75.1M
Sold U.S. flag liftboats L/B Jill ($45M) and L/B Robert ($31M) to JAD Construction Ltd.
SEACOR Marine sells two liftboats for $76M, expects $30.5M gain
Sale of L/B Jill for $45M and L/B Robert for $31M to JAD Construction Limited.
SEACOR Marine repurchases ~9.1% of shares and all outstanding warrants from Carlyle for $12.9M
Purchased 1,355,761 shares at $4.90/share and warrants for 1,280,195 shares at $4.89/warrant from Carlyle affiliates.
$391M senior secured term loan at 10.30% fixed rate, maturing 2029, to refinance $328.7M of existing debt.
SEACOR Marine Q1 net loss $23.1M ($0.84/sh); revenue up 2.6% but DVP down 35%
Q1 2024 revenue $62.8M (+2.6% YoY); operating loss $10.6M vs income $0.2M in Q1 2023.
SEACOR Marine Q4 2023 op rev $73.1M +26%; net income $5.7M vs loss
Operating revenues $73.1M, +26.2% YoY; operating income $22.6M vs loss of $10.5M in Q4 2022.
$122M senior secured term loan from EnTrust Global; interest rate 11.75% per annum; quarterly amortization of 2.5% of initial principal.
Seacor Marine secures $28M term loan at 10.25% to refinance vessel construction debt
$28M senior secured term loan from Mountain Supply LLC (Hudson Structured); proceeds to repay COSCO shipyard financing for three PSVs.
SEACOR Marine contemplates 5-yr bond offering; Q1 prelim rev $59.97M, op income $185k
Mandated Clarksons Securities AS and DNB Markets to arrange fixed-income investor calls starting April 24 for potential USD 5-year senior secured bonds.
Sold 49% stakes in MexMar and OVH to CME affiliates for $66M cash; received full ownership of SEACOR Marlin LLC via vessel swap.
SEACOR Marine amends $130M credit facility; margin rises to 4.75% through Dec 2022
Margin increases from 3.75% to 4.75% per annum until Dec 31, 2022, then reverts to 3.75%.
SEACOR Marine completes merger acquiring 5 PSVs, assumes $18M debt, issues 1.57M shares
Acquired five PSVs via merger with SEACOR OSV Partners I LP; owned PSV fleet rises from 15 to 20.
Lisa P. Young was appointed to the Board.
Max materiality 0.85 · Median 0.30 · Most common event earnings