SEACOR Marine Holdings Inc. announced that it had entered into a new $28.0 million senior secured term loan facility with an affiliate of Hudson Structured Capital Management to refinance in full the shipyard financings maturing in 2023 and 2024 provided by COSCO Shipping Heavy Industry (Zhoushan) Co. in connection with the 2019 and 2020 delivery of three Rolls Royce UT771CDL designed platform supply vessels (“PSVs”) of 3,800 tons deadweight capacity with dynamic position class 2 and firefighting class 1 notations. The facility provides for a new 5-year term loan that bears interest at a fixed rate of 10.25% and is secured by first priority mortgages on each of the three PSVs and guaranteed by SEACOR Marine.

The PSVs are currently chartered in the Middle East and Angola.