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Par Petroleum Corporation Acquires SEACOR Energy, Inc.


Wednesday, 2 Jan 2013 06:10pm EST 

Par Petroleum Corporation announced that it has acquired SEACOR Energy, Inc. (SEI), an indirect wholly owned subsidiary of SEACOR Holdings Inc., for a cash purchase price of approximately $14.0 million plus estimated net working capital of approximately $4.0 million at closing. SEI is a transportation, distribution and trading company that is focused in the crude oil arena. Following the acquisition, SEI, which is headquartered in Houston, Texas, was renamed Texadian Energy, Inc. (Texadian). The purchase price for the acquisition was funded with a combination of cash and additional borrowings under an amendment to the Company‚Äôs existing delayed draw term loan facility referred to as the Tranche B Loan. 

Company Quote

19.1
-0.1 -0.52%
17 Apr 2014