SEACOR Announces Increase in Securities Repurchase Authority

Published Nov 17, 2005 12:01 AM by The Maritime Executive

SEACOR Holdings Inc. (NYSE:CKH) announced that its Board of Directors has increased its authorization for repurchases pursuant to its previously announced securities repurchase program.

With this increase, SEACOR has approximately $50 million available for such purchases. The securities covered by the repurchase program include Seacor's common stock, its 7.2% senior notes due 2009, its 5 7/8% senior notes due 2012, its 2.875% convertible senior debentures due 2024, and the 9 1/2% senior notes due 2013 of Seabulk International, Inc., a wholly-owned subsidiary.

The repurchase of securities may be conducted from time to time through open market purchases, privately negotiated transactions or otherwise depending on market conditions.

For additional information, contact Timothy McKeand, Vice President, at (954) 524-4200 ext. 820 or visit SEACOR's website at http://www.seacorholdings.com.