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Prospect News home > News index > List of issuers S > Headlines for Seacor Holdings Inc. > News item |
Seacor says holders may put $64.46 million 2.5% convertibles due 2027
By Susanna Moon
Chicago, April 25 – Seacor Holdings Inc. announced a put option under its $64,455,000 principal amount of outstanding 2.5% convertible senior notes due 2027.
The put option expires at 5 p.m. ET on May 30.
Under the option, holders may put the notes at par plus accrued interest up to but excluding the repurchase date of May 31, according to a company announcement.
The trustee and paying agent is Wells Fargo Bank, NA (800 344-5128 or fax 612 667-6282).
As announced Dec. 19, 2017, Seacor repurchased $31,003,000 of the 2.5% convertibles, which were putable on Dec. 19 under a repurchase notice dated Nov. 13, 2017.
The total purchase price of $31,011,611.94 includes accrued interest.
Seacor is an offshore oil, gas and marine equipment company based in Fort Lauderdale, Fla.
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