US outfit Seacor Marine Holdings has secured a $130m loan with a syndicate of lenders led by DNB Bank.
The company, which provides marine and transportation support to the offshore energy sector, said the five-year loan will be used to pay in full three credit agreements and for general corporate purposes, including potential acquisitions.
Seacor Marine chief executive John Gellert said: “We are very pleased with today's announcement and value the support we received from our lending group.”
This refinancing consolidates multiple facilities into a more efficient single credit facility, improves our capital structure, and addresses our near-term maturities.
“The new bank credit agreement puts us on even more solid financial footing and provides us with liquidity to continue to capitalise on opportunities as the offshore sector recovery continues.”
Source:renews
