Seacor Smit Reports Securities Repurchase Increase
September 2, 1999
Seacor Smit noted that its Board of Directors had raised its previously announced securities repurchase program by $55 million - resulting in an approximate increase of $73.5 million available to the Company for such purposes.
The securities covered by the repurchase program include the Company's common stock, its 5 3/8 percent convertible subordinated notes due 2006, its 7.2 percent senior notes due 2009 and the 10 percent senior notes due 2008 of its affiliate Chiles Offshore LLC. The repurchase of securities would be conducted from time to time through open market purchases, privately negotiated transactions or otherwise, depending on market conditions.
Related News
US Sends Warship Through Taiwan Strait Ahead of Presidential Inauguration
Unfinished Hornbeck MPSV Arrives at Eastern for Build Completion
ULA Orders Rocket Transport Ship from Bollinger
ABS and Seatrium Partner on Decarbonization and Energy Transition
Conflict Heating Up Over Cosco's Megaport in Peru