Seacor Holdings ups repurchase program to $75 million

By Laura Lutz

Des Moines, Aug. 3 - Seacor Holdings Inc. has received approval from its board of directors to increase its buyback program to $75 million.

The securities covered by the program include Seacor's common stock, its 7.2% senior notes due 2009, its 5?% senior notes due 2012, its 2.875% convertible senior debentures due 2024 and the 9½% senior notes due 2013 of wholly-owned subsidiary Seabulk International, Inc.

The repurchases may be made on the open market or privately negotiated.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.