---
title: "Seacor Marine Modifies 2024 Credit Deal; Frees $13.7M Escrow, Cancels $24.6M Tranche B"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287274264.md"
description: "SEACOR Marine has modified its 2024 Credit Agreement through a Waiver and Consent Letter, releasing $13.7 million from escrow and canceling $24.6 million of undrawn Tranche B commitments. The remaining escrow balance of $41.0 million will fund payments for two platform supply vessels expected to be delivered in Q4 2026 and Q1 2027."
datetime: "2026-05-21T21:13:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287274264.md)
  - [en](https://longbridge.com/en/news/287274264.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287274264.md)
---

# Seacor Marine Modifies 2024 Credit Deal; Frees $13.7M Escrow, Cancels $24.6M Tranche B

SEACOR Marine entered into a Waiver and Consent Letter to modify its 2024 Credit Agreement. The amendment releases $13.7 million from a restricted escrow to the borrower and cancels $24.6 million of undrawn Tranche B commitments. After the release, the escrow holds $41.0 million, which will fully fund remaining payments for two platform supply vessels without additional Tranche B proceeds. The PSVs are expected to be delivered in Q4 2026 and Q1 2027.

**Agreement details:**

-   **Agreement type**: Waiver and Consent Letter modifying 2024 Credit Agreement
-   **Counterparty**: EnTrust Global; Kroll Agency Services; Kroll Trustee Services
-   **Signed / Effective**: May 20 2026 / same
-   **Duration / Termination**: At will
-   **Reason**: Fund PSV construction and optimize credit commitments

Original SEC Filing: SEACOR Marine Holdings Inc. \[ SMHI \] - 8-K - May. 21, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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