SEACOR Marine Announces Securities Repurchase
SEACOR Marine Holdings Inc. (NYSE: SMHI) has announced a significant securities repurchase from Carlyle-affiliated funds, acquiring 1,355,761 common shares at $4.90 per share and warrants for 1,280,195 shares at $4.89 per warrant. The total transaction, valued at approximately $12.9 million, represents about 9.1% of SMHI's outstanding common stock.
The company funded this repurchase using proceeds from the sale of a 201-foot, DP-2 platform supply vessel built in 2014. This strategic move eliminates all outstanding warrants and simplifies SEACOR Marine's capital structure. The transaction marks Carlyle's complete exit from their equity position, following their loan repayment in late 2024, ending a partnership that began in 2015.
SEACOR Marine Holdings Inc. (NYSE: SMHI) ha annunciato un'importante riacquisizione di titoli da fondi affiliati a Carlyle, acquistando 1.355.761 azioni ordinarie a 4,90 dollari per azione e warrant per 1.280.195 azioni a 4,89 dollari per warrant. L'operazione, valutata circa 12,9 milioni di dollari, rappresenta circa il 9,1% delle azioni ordinarie in circolazione di SMHI.
L'azienda ha finanziato questo riacquisto utilizzando i proventi dalla vendita di una nave di supporto alla piattaforma DP-2 di 201 piedi costruita nel 2014. Questa mossa strategica elimina tutti i warrant in circolazione e semplifica la struttura del capitale di SEACOR Marine. La transazione segna l'uscita completa di Carlyle dalla loro posizione azionaria, dopo il rimborso del prestito avvenuto alla fine del 2024, ponendo fine a una partnership iniziata nel 2015.
SEACOR Marine Holdings Inc. (NYSE: SMHI) ha anunciado una importante recompra de valores de fondos afiliados a Carlyle, adquiriendo 1.355.761 acciones ordinarias a 4,90 dólares por acción y warrants para 1.280.195 acciones a 4,89 dólares por warrant. La transacción, valorada en aproximadamente 12,9 millones de dólares, representa alrededor del 9,1% de las acciones ordinarias en circulación de SMHI.
La empresa financió esta recompra utilizando los ingresos de la venta de un buque de suministro de plataforma DP-2 de 201 pies construido en 2014. Este movimiento estratégico elimina todos los warrants pendientes y simplifica la estructura de capital de SEACOR Marine. La transacción marca la salida completa de Carlyle de su posición de capital, tras el reembolso de su préstamo a finales de 2024, poniendo fin a una asociación que comenzó en 2015.
SEACOR Marine Holdings Inc. (NYSE: SMHI)는 Carlyle 계열 펀드로부터의 중요한 증권 재매입을 발표하며, 주당 4.90달러에 1,355,761주, 주당 4.89달러에 1,280,195주에 대한 워런트를 인수했습니다. 총 거래액은 약 1,290만 달러로, SMHI의 발행된 보통주 약 9.1%를 차지합니다.
회사는 2014년에 건조된 201피트 DP-2 플랫폼 공급선의 판매 수익을 사용하여 이 재매입을 자금 조달했습니다. 이 전략적 결정은 모든 미결제 워런트를 제거하고 SEACOR Marine의 자본 구조를 단순화합니다. 이 거래는 2015년에 시작된 파트너십을 종료하면서 Carlyle의 지분에서의 완전한 퇴출을 의미하며, 2024년 말 대출 상환 이후 이루어졌습니다.
SEACOR Marine Holdings Inc. (NYSE: SMHI) a annoncé un rachat significatif de titres de fonds affiliés à Carlyle, acquérant 1.355.761 actions ordinaires à 4,90 dollars par action et des bons de souscription pour 1.280.195 actions à 4,89 dollars par bon. La transaction, d'une valeur d'environ 12,9 millions de dollars, représente environ 9,1 % des actions ordinaires en circulation de SMHI.
L'entreprise a financé ce rachat en utilisant les produits de la vente d'un navire de soutien de plateforme DP-2 de 201 pieds construit en 2014. Ce mouvement stratégique élimine tous les bons de souscription en circulation et simplifie la structure du capital de SEACOR Marine. La transaction marque la sortie complète de Carlyle de sa position d'équité, suite au remboursement de son prêt à la fin de 2024, mettant fin à un partenariat qui a débuté en 2015.
SEACOR Marine Holdings Inc. (NYSE: SMHI) hat eine bedeutende Rückkaufaktion von Wertpapieren von Carlyle-affiliierten Fonds angekündigt und 1.355.761 Stammaktien zu je 4,90 Dollar und Warrants für 1.280.195 Aktien zu je 4,89 Dollar erworben. Die gesamte Transaktion, die mit etwa 12,9 Millionen Dollar bewertet wird, entspricht etwa 9,1 % der ausstehenden Stammaktien von SMHI.
Das Unternehmen finanzierte diesen Rückkauf mit den Erlösen aus dem Verkauf eines 201 Fuß langen DP-2 Plattformversorgerschiffs, das 2014 gebaut wurde. Dieser strategische Schritt beseitigt alle ausstehenden Warrants und vereinfacht die Kapitalstruktur von SEACOR Marine. Die Transaktion markiert den vollständigen Ausstieg von Carlyle aus ihrer Eigenkapitalposition, nach der Rückzahlung ihres Darlehens Ende 2024, und beendet eine Partnerschaft, die 2015 begann.
- Elimination of all outstanding warrants simplifies capital structure
- Strategic repurchase of 9.1% of outstanding shares strengthens shareholder value
- Successfully monetized vessel asset to fund share repurchase
- Complete repayment of Carlyle loans at par in late 2024
- Significant cash outlay of $12.9 million reduces company's liquidity
Insights
SEACOR Marine's repurchase of 9.1% of its outstanding shares (including warrants) from Carlyle funds represents a significant capital allocation decision with mixed implications for shareholders. The
However, the
The company funded this transaction by selling a 201-foot DP-2 platform supply vessel built in 2014, effectively converting an operational asset into a reduction in share count. This suggests management values capital structure optimization over fleet expansion at this juncture.
The complete exit of Carlyle, which had been partnered with SEACOR since 2015, marks the end of a significant relationship following loan repayments at par in late 2024. This transaction underscores management's confidence in the company's standalone prospects while eliminating a large concentrated position that could have potentially pressured the stock if sold incrementally in the open market.
HOUSTON, April 04, 2025 (GLOBE NEWSWIRE) -- SEACOR Marine Holdings Inc. (NYSE: SMHI) (the “Company” or “SEACOR Marine”), a leading provider of marine and support transportation services to offshore energy facilities worldwide, today announced that it purchased from certain funds affiliated with Carlyle:
- 1,355,761 of the Company’s common shares, at
$4.90 per share, and - Warrants to purchase 1,280,195 shares of Common Stock at
$4.89 per warrant, after deduction of an exercise price of$0.01 per warrant.
Collectively, the shares and warrants represent approximately
John Gellert, SEACOR Marine’s Chief Executive Officer, commented: “This was a unique opportunity for the Company to buy back a significant amount of shares and warrants in a single block. This repurchase further simplifies our capital structure by eliminating all outstanding warrants. We funded this repurchase with a portion of the proceeds received from the sale of one 201 foot, DP-2 platform supply vessel built in 2014. I would like to again extend my gratitude to Carlyle, who has now exited their equity position following our repayment of their loans at par in late 2024. Carlyle has partnered with us since 2015 and we thank them for their support over the years.”
SEACOR Marine provides global marine and support transportation services to offshore energy facilities worldwide. SEACOR Marine operates and manages a diverse fleet of offshore support vessels that deliver cargo and personnel to offshore installations, including offshore wind farms; assist offshore operations for production and storage facilities; provide construction, well work-over, offshore wind farm installation and decommissioning support; carry and launch equipment used underwater in drilling and well installation, maintenance, inspection and repair; and handle anchors and mooring equipment for offshore rigs and platforms. Additionally, SEACOR Marine’s vessels provide emergency response services and accommodations for technicians and specialists.
Certain statements discussed in this release as well as in other reports, materials and oral statements that the Company releases from time to time to the public constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Generally, words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “believe,” “plan,” “target,” “forecast” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements concern management’s expectations, strategic objectives, business prospects, anticipated economic performance and financial condition and other similar matters. Forward-looking statements are inherently uncertain and subject to a variety of assumptions, risks and uncertainties that could cause actual results to differ materially from those anticipated or expected by the management of the Company. These statements are not guarantees of future performance and actual events or results may differ significantly from these statements. Actual events or results are subject to significant known and unknown risks, uncertainties and other important factors, many of which are beyond the Company’s control and are described in the Company’s filings with the U.S. Securities and Exchange Commission. It should be understood that it is not possible to predict or identify all such factors. Consequently, the preceding should not be considered to be a complete discussion of all potential risks or uncertainties. Given these risk factors, investors and analysts should not place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date of the document in which they are made. The Company disclaims any obligation or undertaking to provide any updates or revisions to any forward-looking statement to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which the forward-looking statement is based, except as required by law. It is advisable, however, to consult any further disclosures the Company makes on related subjects in its filings with the Securities and Exchange Commission, including Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K (if any). These statements constitute the Company’s cautionary statements under the Private Securities Litigation Reform Act of 1995.
Please visit SEACOR Marine’s website at www.seacormarine.com for additional information.
For all other requests, contact InvestorRelations@seacormarine.com
FAQ
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