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Published on 7/30/2009 in the Prospect News Convertibles Daily and Prospect News High Yield Daily.

Seacor buys $1.8 million 2.875% convertibles, $37 million 7.2% notes, $6.3 million 9½% notes in quarter

By Jennifer Chiou

New York, July 30 - Seacor Holdings Inc. partially repurchased several series of its notes during the second quarter of 2009, according to a 10-Q filing with the Securities and Exchange Commission.

Specifically, the company repurchased $1.8 million of its 2.875% convertible debentures due 2024, $37 million of its 7.2% senior notes due 2009 and $6.3 million of its 9½% senior notes due 2013.

Seacor said it acquired the 7.2% notes for $37.4 million.

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


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