08:04 AM EST, 12/02/2024 (MT Newswires) -- Seacor Marine Holdings ( SMHI ) said Monday it has signed a senior secured term loan agreement for up to $391 million with an affiliate of EnTrust Global and received separate contracts to build two platform supply vessels for $41 million each.

The loan consolidates existing debt into a single credit facility maturing in Q4 of 2029, addresses $125 million due in 2026 to Carlyle Group ( CG ) , and finances up to half of the shipbuilding contracts, Seacor Marine ( SMHI ) said.

Additionally, Seacor said it will sell its last two anchor handling towing and supply vessels for $22.5 million, marking its exit from the AHTS asset class by January 2025.

Seacor shares were up more than 3% in recent premarket activity.