Brief: Seacor Marine And Cmb Announce Transaction For Windfarm Support Business

SEACOR Marine Holdings

18/12/2020 12:53

Dec 18 (Reuters) - SEACOR Marine Holdings Inc  SMHI.N :
    * SEACOR MARINE AND CMB ANNOUNCE TRANSACTION FOR WINDFARM
SUPPORT
BUSINESS
    * SEACOR MARINE HOLDINGS - EXISTING WINDCAT MANAGEMENT TEAM
WILL
CONTINUE TO LEAD CO AFTER COMPLETION OF TRANSACTION
    * SEACOR MARINE HOLDINGS INC - CMB WILL PAY CO £32.8 MILLION
IN
CASH, AND ASSUME ALL OF ABOUT £20.4 MILLION OF DEBT UNDER
WINDCAT'S EXISTING CREDIT FACILITY
    * SEACOR MARINE HOLDINGS INC - CO'S UNIT ENTERED INTO
AGREEMENT TO
SELL WINDCAT WORKBOATS HOLDINGS LIMITED AND ITS CREW TRANSFER
VESSEL BUSINESS TO CMB

Source text for Eikon:  ID:nGNX6R7J4X 
Further company coverage:  SMHI.N 

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