An update from SEACOR Marine Holdings ( (SMHI) ) is now available.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
SEACOR Marine Holdings Inc. secures a $391 million senior secured term loan to refinance existing debts and finance new platform supply vessels (PSVs). The loan, split into two tranches, will be fully drawn by early 2027. This strategic move consolidates six debt facilities, enhancing SEACOR’s financial flexibility and supporting its fleet expansion, particularly with a focus on modern, fuel-efficient vessels equipped with advanced technology for offshore energy sectors.
For a thorough assessment of SMHI stock, go to TipRanks’ Stock Analysis page.