Brief: SEACOR Marine Holdings Enters Agreement To Buy Three Additional Platform Supply Vessels

SEACOR Marine Holdings

16/01/2019 21:41

Jan 16 (Reuters) - SEACOR Marine Holdings Inc  SMHI.N :
    * SEACOR MARINE ENTERS AGREEMENT TO ACQUIRE THREE ADDITIONAL
PLATFORM SUPPLY VESSELS FROM AFFILIATES OF COSCO SHIPPING GROUP
    * SEACOR MARINE HOLDINGS INC -  AGGREGATE CONSIDERATION FOR
VESSELS WILL BE APPROXIMATELY $46.0 MILLION
    * SEACOR MARINE - HALF OF CASH PAYMENT WILL BE FUNDED IN Q1
OF
2019 WITH BALANCE PER VESSEL TO BE PAID UPON PHYSICAL DELIVERY
OF EACH VESSEL
    * SEACOR MARINE HOLDINGS INC - CURRENTLY EXPECT VESSELS TO
BE
DELIVERED ON SEPTEMBER 30, 2019, JANUARY 30, 2020, & APRIL 30,
2020
    * SEACOR MARINE - OF DEAL CONSIDERATION, 30% WILL BE CASH,
70% TO
BE PAID UNDER 4-YEAR DEFERRED PAYMENT AGREEMENT BETWEEN CO,
COSCO ZHOUSHAN

Source text for Eikon:  ID:nBw5XrBx6a 
Further company coverage:  SMHI.N 

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