Seacor greenshoe lifts 3% 15-year convertible notes to $230 million

By Toni Weeks

San Luis Obispo, Calif., Nov. 13 - Underwriters for Seacor Holdings Inc.'s offering of 3% 15-year convertible senior notes fully exercised their over-allotment option for an additional $30 million of the securities on Nov. 7, lifting the total deal size to $230 million, according to an 8-K filing with the Securities and Exchange Commission.

The company priced $200 million of the convertibles with the $30 million greenshoe on Nov. 6. Settlement is slated for Nov. 13.

The Rule 144A offering was sold via Goldman Sachs & Co. and Deutsche Bank Securities Inc.

Proceeds will be used for general corporate purposes.

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

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