Seabulk Completes Stock Issuance and Refinancing
Seabulk International, Inc. announced the completion of the issuance of 12.5 million shares of common stock at $8.00 per share to a group of investors led by entities associated with DLJ Merchant Banking Partners III, L.P., an affiliate of CSFB Private Equity, and Carlyle/Riverstone Global Energy and Power Fund I, L.P, an affiliate of The Carlyle Group of Washington, D.C. The stock issuance was previously approved by the company's shareholders at a Special Meeting held on September 5. The new investors also purchased approximately 5.1 million shares of outstanding Company common stock (including shares issuable upon the exercise of warrants) beneficially owned by accounts managed by Loomis, Sayles & Co., L.P.
Sea Containers Extends Exchange Offer
Sea Containers Ltd. marine container lessor, passenger and freight transport operator, and leisure industry investor, has extended the exchange offer for its outstanding 9-1/2% Senior Notes due 2003 and 10-1/2% Senior Notes due 2003, which commenced on May 28, 2003, until 5:00 p.m., New York City time, on Friday, June 27, 2003. The date by which Notes may be tendered through the guaranteed delivery procedure described in the exchange offer materials will not be extended. Accordingly, certificates representing any Notes tendered pursuant to the guaranteed delivery procedure must be received by The Bank of New York, the exchange agent for the exchange offer, not later than 5:00 p.m., New York City time, on Monday, June 30, 2003. As of 10:00 a.m.
Hvide Marine Announces Distribution Of New Stock And Warrants
Hvide Marine Incorporated announced the distribution of 10,000,000 shares of New HMI Common Stock and 250,000 Class A Warrants in accordance with its Plan of Reorganization, which became effective December 15, 1999. Trading in the new stock and warrants commenced Monday, January 24, on the Over-the-Counter Bulletin Board under the symbols HVDM for the stock and HVDMW for the warrants. Under the terms of the distribution, holders of Hvide's former securities are not required to surrender those securities. As previously announced under the Plan of Reorganization, holders of the company's former 8.375 percent Senior Notes are receiving 9…
