STOCK TITAN

SMHI sells L/B Jill and L/B Robert for $76.0M total

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

SEACOR Marine Holdings (SMHI) completed the disposition of two U.S.-flag liftboats, L/B Jill and L/B Robert, on September 29, 2025. The Buyer, JAD Construction Limited, paid an aggregate purchase price of $76.0 million, allocated as $45.0 million for L/B Jill and $31.0 million for L/B Robert. After transaction costs and expenses, the Company received approximately $75.1 million in net cash proceeds.

Concurrently, the Buyer purchased certain uninstalled vessel equipment from the Company for approximately $1.0 million. The Company furnished unaudited pro forma financial information reflecting the liftboat and equipment sales as Exhibit 99.1.

Positive

  • None.

Negative

  • None.

Insights

Asset sale closed; ~$75.1M net cash in, fleet reduced.

SEACOR Marine finalized the sale of two U.S.-flag liftboats to JAD Construction for a total of $76.0M, yielding net cash proceeds of approximately $75.1M. The transaction also included an equipment sale of about $1.0M. This is a completed asset disposition under Item 2.01.

Cash inflow is explicit, while operating impact depends on how these liftboats contributed to revenue and utilization prior to sale, which is not detailed here. The attached unaudited pro forma financials (Exhibit 99.1) are intended to illustrate effects on the financial statements.

The timing is anchored to September 29, 2025. Subsequent filings may provide additional context on fleet composition and any redeployment of proceeds.

false000169033400016903342025-09-292025-09-29

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 29, 2025

SEACOR Marine Holdings Inc.

(Exact Name of Registrant as Specified in Its Charter)

Delaware

001-37966

47-2564547

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

12121 Wickchester Lane, Suite 500, Houston, TX

77079

(Address of Principal Executive Offices)

(Zip Code)

 

 

 

 

Registrant's telephone number, including area code

(346) 980-1700

 

 

 

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common stock, par value $0.01 per share

SMHI

New York Stock Exchange (“NYSE”)

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 


Item 2.01 Completion of Acquisition or Disposition of Assets.

On September 29, 2025, SEACOR Marine Holdings Inc. (the “Company”), through two wholly-owned subsidiaries, Falcon Global Jill LLC (“FG Jill LLC”) and Falcon Global Robert LLC (“FG Robert LLC” and, together with FG Jill LLC, the “Sellers”), respectively, completed the sale of the U.S. flag liftboat L/B Jill and the U.S. flag liftboat L/B Robert (together, the “Liftboat Sales”) pursuant to memorandum of agreements entered into on August 6, 2025 with JAD Construction Limited (the “Buyer”). At closing, the Buyer paid the Sellers an aggregate purchase price of $76.0 million for the Liftboat Sales, comprised of $45.0 million for the L/B Jill and $31.0 million for the L/B Robert. After deducting transaction costs and expenses, the Company received net cash proceeds of approximately $75.1 million. In addition, concurrently with the closing of the Liftboat Sales, the Buyer purchased from the Company certain uninstalled vessel equipment for an aggregate purchase price of approximately $1.0 million (the “Equipment Sale”).

The unaudited pro forma financial information of the Company giving effect to the Liftboat Sales and the Equipment Sale, and the related notes thereto, are attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits

(b) Pro forma financial information

Unaudited pro forma financial information of the Company required pursuant to Article 11 of Regulation S-X is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

 

(d) Exhibits

 

Exhibit No.

Description

99.1

Unaudited Pro Forma Financial Information.

 

 

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

SEACOR Marine Holdings Inc.

October 3, 2025

By:

/s/ Andrew H. Everett II

Name: Andrew H. Everett II

Title: Senior Vice President, General Counsel and Secretary

 


FAQ

What assets did SEACOR Marine (SMHI) sell?

The Company sold the U.S.-flag liftboats L/B Jill and L/B Robert.

How much cash did SEACOR Marine receive from the sale?

The Buyer paid $76.0 million in aggregate, and the Company received approximately $75.1 million in net cash proceeds after costs.

Who purchased the liftboats from SEACOR Marine (SMHI)?

The Buyer was JAD Construction Limited.

What were the individual prices for L/B Jill and L/B Robert?

L/B Jill sold for $45.0 million and L/B Robert sold for $31.0 million.

Did SEACOR Marine sell any other assets in this transaction?

Yes. The Buyer also purchased certain uninstalled vessel equipment for approximately $1.0 million.

Does the filing include pro forma financial information?

Yes. Unaudited pro forma financial information is provided as Exhibit 99.1.

When did the transaction close?

The sale closed on September 29, 2025.
Seacor Marine Ho

NYSE:SMHI

SMHI Rankings

SMHI Latest News

SMHI Latest SEC Filings

SMHI Stock Data

163.21M
21.62M
19.72%
48.11%
3.1%
Marine Shipping
Deep Sea Foreign Transportation of Freight
Link
United States
HOUSTON