\ SEACOR Announces Adjustment to the Conversion Rate of Its 2.50% Convertible Senior Notes Due 2027 and Its 3.00% Convertible Senior Notes Due 2028
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SEACOR Announces Adjustment to the Conversion Rate of Its 2.50% Convertible Senior Notes Due 2027 and Its 3.00% Convertible Senior Notes Due 2028

December 07, 2017 --

FORT LAUDERDALE, Fla., Dec. 07, 2017 (GLOBE NEWSWIRE) -- SEACOR Holdings Inc. (NYSE:CKH) (“SEACOR” or the “Company”) today announced an adjustment to the conversion rate of its 2.50% Convertible Senior Notes due 2027 (the “Notes due 2027”) and its 3.00% Convertible Senior Notes due 2028 (the “Notes due 2028”) in connection with its previously announced dividend payable to all of its stockholders on a pro rata basis consisting of 3,977,135 shares of Dorian LPG Ltd. common stock on December 20, 2017 (the “Dividend”).  The ex-dividend date for the Dividend is December 7, 2017. As a result of the Dividend, the conversion rates were adjusted as follows:



  • The conversion rate for the Notes due 2027 was adjusted to 19.0381 from 18.4176 shares of the Company’s common stock per $1,000 principal amount of the Notes due 2027, equivalent to an adjusted conversion price of approximately $52.53 per share, compared to the prior price of approximately $54.30 per share.
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