Milbank LLP advises Seacor Marine Holdings, Inc. in the sale of its minority equity interests in its unconsolidated joint ventures in Mexico and a series of related asset swaps for an aggregate consideration of $66 million in cash.
Milbank also advised Seacor in connection with the issuance of $90 million 8.0% and 9.5% Senior PIK Toggle Notes due 2026 and $35 million 4.25% Convertible Senior Notes due 2026 to certain funds affiliated with The Carlyle Group Inc. in exchange for $125 million of the Company’s outstanding 4.25% Senior Convertible Notes due 2023.
Seacor Marine Holdings, Inc. is a leading provider of marine and support transportation services to offshore oil and natural gas and wind farm facilities worldwide.
The Milbank deal team in the sale of Seacor’s Mexican joint ventures was led by Global Corporate partner Scott Golenbock along with associates Rachel Rice and Christina Sonageri. The team also included Global Capital Markets partner Brett Nadritch and associate Lauren Salter, as well as Tax partner Max Goodman.
