Seacor gets additional $6 million letter of credit in second quarter

By Jennifer Chiou

New York, July 30 - Seacor Holdings Inc. was issued an additional letter of credit apart from its revolving credit facility during the second quarter of 2009, according to a 10-Q filing with the Securities and Exchange Commission.

The $6 million LOC has an expiration of 2010.

During the first quarter, Seacor drew $25 million under the revolver, and the remaining availability under this facility was $322.9 million.

Seacor is a Fort Lauderdale, Fla., provider of marine support and transportation services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.