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.
SEACOR Holdings entered into a five-year revolving loan facility allowing for borrowings of up to $125 million. JPMorgan Chase Bank acted as administrative agent and security trustee for the lenders.
Par Petroleum said it has acquired SEACOR Energy, which has been renamed Texadian Energy. Compass Bank will provide a new $30 million letter of credit to support Texadian’s crude oil operations.