Key Developments: SEACOR Holdings Inc (CKH)

CKH on New York Consolidated

77.56USD
28 Jul 2014
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Latest Key Developments (Source: Significant Developments)

SEACOR Holdings Inc announces joint venture with Avista Capital Partners
Monday, 5 May 2014 08:55am EDT 

SEACOR Holdings Inc:Enters into a joint venture with Avista Capital Partners.Avista, through a subsidiary, invested about $150.0 mln in cash for a non-controlling ownership interest in SEACOR subsidiaries operating a fleet of seven U.S.-flag Jones Act vessels used for U.S. coastwise trade of crude oil, petroleum and specialty chemical products.As well as a contract for the construction of three 50,000 DWT product tankers with National Steel and Shipbuilding Co, a subsidiary of General Dynamics Corp.Expected deliveries in May 2016, Oct. 2016 and March 2017.  Full Article

SEACOR Holdings Inc announces CFO - Form 8-K
Friday, 25 Apr 2014 04:10pm EDT 

SEACOR Holdings Inc:Says on April 23, Richard Ryan, the chief financial officer, Ryan agreed to have his retirement become effective on Aug. 1.Says on April 25, it appointed Matthew Cenac as senior vice president and chief financial officer, effective on the effective date.  Full Article

SEACOR Holdings Inc's Seabulk Tankers receives order for one coastal chemical & petroleum articulated tug and barge unit
Tuesday, 11 Feb 2014 06:12pm EST 

SEACOR Holdings Inc:Enters into a contract to construct one 185,000 barrel coastal chemical & petroleum Articulated Tug and Barge (ATB) unit.Says barge will be constructed by DonJon Shipbuilding and the tug will be constructed by BAE Systems.Delivery is expected in the first half of 2016.  Full Article

SEACOR Holdings Inc Announces Pricing Of Private Offering Of $200 Million Principal Amount Of Convertible Senior Notes
Wednesday, 6 Nov 2013 10:30pm EST 

SEACOR Holdings Inc announced that it has agreed to sell $200 million aggregate principal amount of its 3.00% convertible senior notes due 2028 (the convertible notes) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act ). SEACOR has granted the initial purchasers an option to purchase up to an additional $30 million aggregate principal amount of its convertible notes. The offering is expected to close on November 13, 2013, subject to customary closing conditions. SEACOR estimates that the net proceeds it will receive from the offering will be approximately $194.3 million ($223.5 million if the initial purchasers exercise their option to purchase additional convertible notes in full solely to cover overallotments), after deducting the initial purchasers' discounts and commissions and estimated offering expenses payable by SEACOR. SEACOR expects to use the net proceeds from the sale of the convertible notes (including any net proceeds received from the initial purchasers' exercise of their option to purchase additional convertible notes) for general corporate purposes.  Full Article

SEACOR Holdings Inc Proposed Private Offering Of Convertible Senior Notes
Tuesday, 5 Nov 2013 04:16pm EST 

SEACOR Holdings Inc announced that it plans to offer, subject to market and other conditions, up to $200.0 million of its convertible Senior Notes due 2028 (the "convertible notes") to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). SEACOR expects to grant the initial purchasers an option to purchase up to an additional $30.0 million of convertible notes in connection with the offering. SEACOR expects to use the net proceeds from the sale of the convertible notes (including any net proceeds received from the initial purchasers' exercise of their option to purchase additional notes) for general corporate purposes.  Full Article

SEACOR Holdings Incn Exits Crude Oil Trading With Sale Of SEACOR Energy Inc. To Par Petroleum Corporation
Wednesday, 2 Jan 2013 05:14pm EST 

SEACOR Holdings Inc announced the sale of its energy trading division, SEACOR Energy Inc. (SEI), to Par Petroleum Corporation (the Company) for a cash purchase price of approximately $14 million. With the sale of SEI, SEACOR is no longer involved in the crude oil trading business.  Full Article

SEACOR Holdings Inc Announces Revised Ex-Dividend Date
Monday, 10 Dec 2012 05:04pm EST 

SEACOR Holdings Inc announced that its Board of Directors declared a special cash dividend of $5.00 per common share that is expected to be paid on or about December 26, 2012 to shareholders of record on December 17, 2012, and that the Company expected that its common stock would trade ex-dividend beginning on December 12, 2012. The purpose of this press release is to correct the previously announced ex-dividend date. The Company expects that its common stock will trade ex-dividend beginning on December 13, 2012.  Full Article

SEACOR Holdings Inc Announces Special Cash Dividend Of $5.00 per Share
Friday, 7 Dec 2012 05:25pm EST 

SEACOR Holdings Inc announced that Board of Directors declared a Special Dividend of $5.00 per common share. The Special Dividend is payable to shareholders of record on December 17, 2012, and is expected to be paid on or about December 26, 2012.  Full Article

SEACOR Holdings Inc Proposes Private Offering Of Convertible Senior Notes
Tuesday, 4 Dec 2012 04:05pm EST 

SEACOR Holdings Inc announced that it plans to offer, subject to market and other conditions, up to $250 million of its convertible senior notes due 2027 (the convertible notes) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act). SEACOR expects to grant the initial purchasers an option to purchase up to an additional $50 million of convertible notes in connection with the offering. SEACOR expects to use approximately $125.0 million of the net proceeds from the sale of the convertible notes to repay amounts outstanding under its revolving credit facility. SEACOR expects to use the remainder of the net proceeds from the sale of the convertible notes for general corporate purposes, including the possible repurchase of shares of its common stock and/or the payment of a dividend to holders of its common stock. Shares repurchased with the proceeds from the offering may be purchased from purchasers of the convertible notes in privately negotiated transactions through the initial purchasers as SEACOR's agents or through other open market transactions. The number of shares of SEACOR's common stock repurchased from purchasers of the convertible notes, if any, with proceeds from the offering will be decided by SEACOR's board of directors at the time the convertible notes offering is priced.  Full Article

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