SEACOR Holdings

Seacor Holdings Inc. Initiates Redemption of 3.00% Convertible Notes Due 2028

Retrieved on: 
Friday, August 14, 2020
Corporate finance, SEACOR Holdings, CKH, Convertible bond, Redemption, Financial economics, Finance, Corporations

FORT LAUDERDALE, Fla., Aug. 14, 2020 (GLOBE NEWSWIRE) -- SEACOR Holdings Inc. (NYSE:CKH) (SEACOR or the Company) today announced that it has initiated a redemption for all of its outstanding 3.00% Convertible Notes due 2028 (the Notes).

Key Points: 
  • FORT LAUDERDALE, Fla., Aug. 14, 2020 (GLOBE NEWSWIRE) -- SEACOR Holdings Inc. (NYSE:CKH) (SEACOR or the Company) today announced that it has initiated a redemption for all of its outstanding 3.00% Convertible Notes due 2028 (the Notes).
  • The Notes will be redeemed on September 14, 2020 (the Redemption Date), at a redemption price equal to 100.00% of the Notes being redeemed, plus accrued and unpaid interest to, but excluding, the Redemption Date (the Redemption Price).
  • The notice of redemption for the Notes was sent to all registered holders on August 14, 2020.
  • Interest on the Notes will cease to accrue on and after the Redemption Date.

SEACOR Marine Announces Agreement on Tax Refunds

Retrieved on: 
Monday, June 29, 2020
SEACOR Holdings, Tax refund

On June 26, 2020, SEACOR Marine entered into a Tax Refund and Indemnification Agreement, with its former parent company, SEACOR Holdings Inc. (SEACOR Holdings), permitting the carry back by SEACOR Marine of net operating losses generated in 2018 and 2019 to tax years prior to SEACOR Marines spin-off from SEACOR Holdings in 2017.

Key Points: 
  • On June 26, 2020, SEACOR Marine entered into a Tax Refund and Indemnification Agreement, with its former parent company, SEACOR Holdings Inc. (SEACOR Holdings), permitting the carry back by SEACOR Marine of net operating losses generated in 2018 and 2019 to tax years prior to SEACOR Marines spin-off from SEACOR Holdings in 2017.
  • The agreement with SEACOR Holdings does not restrict the use of approximately $16.0 million of the refund with the remaining approximately $12.2 million deposited into an account to be used solely to satisfy certain of SEACOR Marines obligations that remain guaranteed by SEACOR Holdings.
  • Under the terms of this agreement, SEACOR Marine will pay a one-time $3.0 million transaction fee (inclusive of costs and expenses) to SEACOR Holdings concurrently with the signing of the agreement as consideration for its cooperation in connection with the filing of tax refunds claims for tax years prior to the spin-off.
  • SEACOR Marine provides global marine and support transportation services to offshore oil and natural gas and windfarm facilities worldwide.

SEACOR Marine Announces Agreement to Consolidate SEACOSCO Joint Venture

Retrieved on: 
Thursday, June 4, 2020
SEACOR Holdings

As a result of the purchase, SEACOR Marine will own 100% of SEACOSCO.

Key Points: 
  • As a result of the purchase, SEACOR Marine will own 100% of SEACOSCO.
  • Consolidating the operating results of the joint venture will be a net positive for SEACOR Marine from closing of the transaction.
  • This transaction is an exciting step in the growth of SEACOR Marine, significantly growing our asset and equity base.
  • SEACOR Marine provides global marine and support transportation services to offshore oil and natural gas and windfarm facilities worldwide.

Seacor Holdings Announces Appointment of New Board Member

Retrieved on: 
Tuesday, April 7, 2020
Companies, SEACOR Holdings, Corporations, CKH, Audit committee, Cigna, Business

FORT LAUDERALE, Fla., April 07, 2020 (GLOBE NEWSWIRE) -- SEACOR Holdings Inc. (NYSE: CKH) announced today that it has appointed Ms. Gail B. Harris to its board of directors effective April 6, 2020.

Key Points: 
  • FORT LAUDERALE, Fla., April 07, 2020 (GLOBE NEWSWIRE) -- SEACOR Holdings Inc. (NYSE: CKH) announced today that it has appointed Ms. Gail B. Harris to its board of directors effective April 6, 2020.
  • Ms. Harris is also on the Board of Cigna Life Insurance Company of New York and serves on the boards of several private companies.
  • Ms. Harris was a member of the Stanford University Board of Trustees until March 2018, where she chaired the Special Committee on Investment Responsibility, and was a member of the Finance and Audit Committees.
  • Ms. Harris is President Emeritus and a current member of the Board of New York Cares, the largest non-profit for volunteering in New York City.

WITT O’BRIEN’S EXPANDS CRISIS COMMUNICATIONS SERVICES WITH ACQUISITION OF NAVIGATE

Retrieved on: 
Wednesday, February 26, 2020
CKH, SEACOR Holdings, Witt

WASHINGTON, DC / LONDON / SINGAPORE, Feb. 26, 2020 (GLOBE NEWSWIRE) -- Witt OBriens, LLC , a subsidiary of SEACOR Holdings Inc. (NYSE: CKH ) (SEACOR), announced today the acquisition of the maritime crisis and corporate communications agencies Navigate PR Ltd, Navigate Response Ltd, Navigate Response Asia Pte Ltd and Helix Media Pte Ltd. (together known as Navigate).

Key Points: 
  • WASHINGTON, DC / LONDON / SINGAPORE, Feb. 26, 2020 (GLOBE NEWSWIRE) -- Witt OBriens, LLC , a subsidiary of SEACOR Holdings Inc. (NYSE: CKH ) (SEACOR), announced today the acquisition of the maritime crisis and corporate communications agencies Navigate PR Ltd, Navigate Response Ltd, Navigate Response Asia Pte Ltd and Helix Media Pte Ltd. (together known as Navigate).
  • Witt OBriens specializes in crisis and emergency management for both governments and corporations, worldwide.
  • Navigate is a leader in crisis and strategic communications for the global maritime sector.
  • This acquisition broadens our support for the maritime industry at a critical time, said Tim Whipple, chief executive officer of Witt OBriens.

SEACOR HOLDINGS TO HOST INVESTOR MEETINGS AT 2020 STIFEL TRANSPORTATION & LOGISTICS CONFERENCE

Retrieved on: 
Monday, February 3, 2020
SEACOR Holdings, CKH, Stifel, Fabrikant, Companies, Economy of the United States, Service companies

FORT LAUDERDALE, Fla., Feb. 03, 2020 (GLOBE NEWSWIRE) -- SEACOR Holdings Inc. (NYSE:CKH) today announced that it will be participating in the upcoming 2020 STIFEL Transportation & Logistics Conference at the Fontainebleau Miami Beach on February 11-12, 2020 in Miami, Florida.

Key Points: 
  • FORT LAUDERDALE, Fla., Feb. 03, 2020 (GLOBE NEWSWIRE) -- SEACOR Holdings Inc. (NYSE:CKH) today announced that it will be participating in the upcoming 2020 STIFEL Transportation & Logistics Conference at the Fontainebleau Miami Beach on February 11-12, 2020 in Miami, Florida.
  • Charles Fabrikant, Executive Chairman and Chief Executive Officer, Eric Fabrikant, Chief Operating Officer, and Scott Weber, Senior Vice President of Corporate Development and Finance, will be hosting one-on-one meetings on February 11, 2020.
  • Should you like to schedule a one-on-one meeting, please contact your STIFEL representative.
  • SEACOR Holdings Inc. is a diversified holding company with interests in domestic and international transportation and logistics, crisis and emergency management, and clean fuel and power solutions.

WITT O’BRIEN’S ANNOUNCES STRATEGIC NEW HIRES TO PUBLIC SECTOR MANAGEMENT TEAM

Retrieved on: 
Thursday, January 23, 2020
SEACOR Holdings, CKH, Witt

WASHINGTON, Jan. 23, 2020 (GLOBE NEWSWIRE) -- Witt OBriens, LLC (Witt OBriens or the Company), a subsidiary of SEACOR Holdings Inc. (NYSE: CKH) (SEACOR), announced today that William Bill Roche and Richard Steve Pierce have joined the Companys public sector team.

Key Points: 
  • WASHINGTON, Jan. 23, 2020 (GLOBE NEWSWIRE) -- Witt OBriens, LLC (Witt OBriens or the Company), a subsidiary of SEACOR Holdings Inc. (NYSE: CKH) (SEACOR), announced today that William Bill Roche and Richard Steve Pierce have joined the Companys public sector team.
  • Roche joins Witt OBriens as Senior Project Manager with deep experience in disaster planning, response, and recovery.
  • Pierce joins the Company as a Subject Matter Expert in Public Assistance with more than 30-years experience in disaster management.
  • We are delighted to welcome Bill and Steve to the Witt OBriens family at the start of this new year, said Tim Whipple, chief executive officer of Witt OBriens.

SCF ANNOUNCES DOMESTIC SHORT-SEA CONTAINER ON BARGE RATES

Retrieved on: 
Tuesday, November 19, 2019
SEACOR Holdings, Freight transport, CKH, Cargo, Transport

FORT LAUDERDALE, Fla., Nov. 19, 2019 (GLOBE NEWSWIRE) -- SCF Marine Inc. (SCF), a subsidiary of SEACOR Holdings Inc. (NYSE:CKH) today announced rates for its container on barge logistics service.

Key Points: 
  • FORT LAUDERDALE, Fla., Nov. 19, 2019 (GLOBE NEWSWIRE) -- SCF Marine Inc. (SCF), a subsidiary of SEACOR Holdings Inc. (NYSE:CKH) today announced rates for its container on barge logistics service.
  • Waterborne container cargo provides shippers with one of the safest and most fuel efficient forms of transportation today.
  • It reduces roadway damage, highway congestion, bottlenecks at port gate structures, and daytime traffic at terminals, said Tim Power, president and chief executive officer of SCF.
  • To download our container on barge route descriptions and rates, please visit us at www.scf.us/our-services/logistics-services .

WITT O’BRIEN’S REPORTS ON THE RELEASE OF USVI ANNUAL HURRICANE RECOVERY PROGRESS REPORT  

Retrieved on: 
Tuesday, November 5, 2019
SEACOR Holdings, CKH, United States Virgin Islands, Hurricane Irma, Islands, CARIBBEAN, Countries

Washington, Nov. 05, 2019 (GLOBE NEWSWIRE) -- Witt OBriens, LLC (Witt OBriens) (the Company), a subsidiary of SEACOR Holdings Inc. (NYSE: CKH) (SEACOR), reported on the U.S. Virgin Islands (USVI) release of the second Annual Hurricanes Irma and Maria Recovery Progress Report.

Key Points: 
  • Washington, Nov. 05, 2019 (GLOBE NEWSWIRE) -- Witt OBriens, LLC (Witt OBriens) (the Company), a subsidiary of SEACOR Holdings Inc. (NYSE: CKH) (SEACOR), reported on the U.S. Virgin Islands (USVI) release of the second Annual Hurricanes Irma and Maria Recovery Progress Report.
  • Witt OBriens, along with local USVI partner, the Strategy Group VI LLC, assisted the USVI Office of Disaster Recovery prepare the second annual report highlighting activities related to the recovery efforts following Hurricanes Irma and Maria in 2017.
  • Witt OBriens is honored to continue serving as a partner to the region as it works to complete ongoing programs and obtain additional funding for hurricane recovery.
  • This progress report exemplifies the hard work and dedication by the USVI government and other stakeholders who support the recovery programs, added Brad Gair, Witt OBriens USVI recovery program lead.

SEACOR Marine Announces Agreement to Sell North Sea Standby Safety Business

Retrieved on: 
Friday, November 1, 2019
Marines, SEACOR Holdings

John Gellert, SEACOR Marines Chief Executive Officer, commented, I am pleased to announce this important transaction for the Company.

Key Points: 
  • John Gellert, SEACOR Marines Chief Executive Officer, commented, I am pleased to announce this important transaction for the Company.
  • We entered the ERRV Business in 2001 and it has been a positive contributor to our fleet mix and performance ever since.
  • SEACOR Marine provides global marine and support transportation services to offshore oil and natural gas and windfarm facilities worldwide.
  • Additionally, SEACOR Marines vessels provide accommodations for technicians and specialists, safety support and emergency response services.