SEA-Vista, an indirect wholly-owned subsidiary of SEACOR Holdings, amended its $200 million credit agreement, refinancing its existing credit facilities, with a syndicate of lenders led by JPMorgan Chase.

The agreement provides for a $100 million revolving credit facility and a $100 million term loan facility, both of which mature in December 2024.

The agreement allows SEA-Vista to use the borrowings for general corporate purposes, including acquisitions, and contains a $50 million accordion feature subject to lender approval. At closing, the revolving credit facility remained undrawn, and approximately $76 million of the term loan proceeds were used to fund the repayment of SEA-Vista’s original credit facility. The SEA-Vista facilities are non-recourse to SEACOR and its subsidiaries other than SEA-Vista.

“The refinancing provides SEA-Vista with additional flexibility as it seeks strategic opportunities to grow. We appreciate the strong support shown by our lending partners, which we believe reflects confidence in SEA-Vista’s robust backlog of revenues and cash flows,” said Eric Fabrikant, chief operating officer of SEACOR.

SEA-Vista, an indirect wholly-owned subsidiary of SEACOR Holdings, operates a fleet of U.S.-flag product tankers servicing the U.S. coastwise trade of crude oil, petroleum and chemical products.

SEACOR Holdings is a diversified holding company with interests in domestic and international transportation and logistics, crisis and emergency management, and clean fuel and power solutions.