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Published on 10/28/2011 in the Prospect News High Yield Daily, Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

Seacor purchases $1.2 million of 5 7/8% notes in third quarter

By Jennifer Chiou

New York, Oct. 28 - Seacor Holdings Inc. repurchased a further $1.2 million of its 5 7/8% senior notes due 2012 for a total purchase price of $1.3 million during the third quarter of 2011, according to a 10-Q filing with the Securities and Exchange Commission.

In all, during the first nine months of the year, the company has bought back $2.2 million of the notes at a cost of $2.3 million.

In other news, the company also repaid $22.8 million of facility financing in the quarter.

Seacor is an offshore oil, gas and marine equipment company based in Fort Lauderdale, Fla.


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