Seacor ups buyback program to $50 million

New York, Feb. 22 - Seacor Holdings Inc. said its board of directors has increased its repurchase program, giving the company $50 million of availability.

Covered by the program are Seacor's stock, 7.2% senior notes due 2009, 5 7/8% senior notes due 2012, 2.875% convertible senior debentures due 2024 and the 9½% senior notes due 2013 of Seabulk International, Inc., a wholly-owned subsidiary.

Buybacks can be in the open market or privately negotiated.

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

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