Seacor calls all its $246.22 million of 2.875% convertibles at 100.82

By Susanna Moon

Chicago, Nov. 23 - Seacor Holdings Inc. plans to redeem all of its outstanding 2.875% convertible senior debentures due 2024 at 100.82% of par plus accrued interest to Dec. 20, the redemption date, according to an 8-K filing with the Securities and Exchange Commission.

On Nov. 20, there was $246,224,000 principal amount of the convertibles outstanding.

The notes are convertible until the close of business on Dec. 17.

The conversion price is $73.15, and Seacor stock closed at $80.43 (NYSE: CKH) on Nov. 20.

Seacor said it expects to fund the redemption from cash on hand.

U.S. Bank NA is the trustee.

Seacor is a Fort Lauderdale, Fla., provider of marine support and transportation services.

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