Market Overview

SEACOR to Adjust Conversion Rate of Its 2.50% Convertible Senior Notes Due 2027 for Special Cash Dividend

As a result of the $5.00 per share Special Dividend SEACOR Holdings (NYSE: CKH) ("SEACOR") Board of Directors declared on December 7, 2012, payable to holders of its common stock, SEACOR will adjust the conversion rate applicable to its 2.50% convertible senior notes due 2027 (the "notes"). Notice of the adjustment to the conversion rate will be sent to holders of the notes shortly after the ex-dividend date for the Special Dividend and SEACOR will issue a press release with the new conversion rate shortly after the ex-dividend date for the Special Dividend.

Posted-In: News Financing

 

Related Articles (CKH)

Around the Web, We're Loving...

Get Benzinga's Newsletters