Seacor Holdings Inc. Initiates Optional Redemption of 7.375% Senior Notes Due 2019
02 October 2018 - 7:24AM
SEACOR Holdings Inc. (NYSE:CKH) (“SEACOR” or the “Company”) today
announced that it has initiated an optional redemption of its
7.375% Senior Notes due 2019 (the “Notes”).
A Notice of Redemption for the Notes was sent to
all registered holders on October 1, 2018. The Notes will be
redeemed on October 31, 2018 (the “Redemption Date”), at a
redemption price equal to 100.00% of the principal amount of the
Notes plus a make-whole premium, to be calculated as set forth in
the applicable Notice of Redemption, plus accrued and unpaid
interest, if any, to the Redemption Date (the “Redemption
Price”).
The Redemption Price will be calculated by an
independent investment banker on the third business day prior to
the Redemption Date. Once calculated, the Company will issue a
press release disclosing the Redemption Price. All Notes are held
through DTC and should be surrendered for redemption in accordance
with DTC’s procedures. Interest on the Notes will cease to accrue
on and after the Redemption Date, and the only remaining right of
holders of the Notes is to receive payment of the Redemption
Price.
This press release shall not constitute a notice
of redemption of the Notes.
* * * * *
SEACOR is a diversified holding company with
interests in domestic and international transportation and
logistics and risk management consultancy. SEACOR is publicly
traded on the New York Stock Exchange (NYSE) under the symbol
CKH.
Cautionary Note Regarding Forward
Looking Statements Certain statements discussed in this
release as well as in other reports, materials and oral statements
that the Company releases from time to time to the public
constitute “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. Generally, words
such as “anticipate,” “estimate,” “expect,” “project,” “intend,”
“believe,” “plan,” “target,” “forecast” and similar expressions are
intended to identify forward-looking statements. Such
forward-looking statements concern management’s expectations,
strategic objectives, business prospects, anticipated economic
performance and financial condition and other similar matters.
Forward-looking statements are inherently uncertain and subject to
a variety of assumptions, risks and uncertainties that could cause
actual results to differ materially from those anticipated or
expected by management of the Company. These statements are not
guarantees of future performance and actual events or results may
differ significantly from these statements. Actual events or
results are subject to significant known and unknown risks,
uncertainties and other important factors, many of which are beyond
the Company’s control. It should be understood that it is not
possible to predict or identify all such factors. Consequently, the
preceding should not be considered to be a complete discussion of
all potential risks or uncertainties. Given these risk factors,
investors and analysts should not place undue reliance on
forward-looking statements. Forward-looking statements speak only
as of the date of the document in which they are made. The Company
disclaims any obligation or undertaking to provide any updates or
revisions to any forward-looking statement to reflect any change in
the Company’s expectations or any change in events, conditions or
circumstances on which the forward-looking statement is based,
except as required by law. It is advisable, however, to consult any
further disclosures the Company makes on related subjects in its
filings with the SEC, including Annual Reports on Form 10-K,
Quarterly Reports on Form 10-Q and Current Reports on Form 8-K (if
any). These statements constitute the Company’s cautionary
statements under the Private Securities Litigation Reform Act of
1995.
For additional information, contact Investor
Relations at (954) 523-2200 or visit SEACOR’s website at
www.seacorholdings.com.
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