Seacor Smit calls 5 3/8% convertibles

New York, Jan. 16 - Seacor Smit Inc. said it called for redemption the $35.319 million outstanding principal amount of its 5 3/8% convertible subordinated notes due 2006.

The convertibles will be redeemed on Feb. 17 at $1,017.90 per $1,000 principal amount plus accrued interest from Nov. 15, 2002.

Holders can convert the notes into 22.727 shares of Seacor stock per $1,000 principal amount up to 5.00 p.m. ET on Feb. 14. Seacor stock closed at $41.70 on Wednesday.

Seacor Smit is a Houston oil and gas support vessel operator.

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