Business Services Industry
Seabulk gets cash and credit - Big Deals
South Florida CEO, July, 2002
> * Fort Lauderdale-based Seabulk International has secured a new $180 million line of credit. Also, two stock buyers -- DLJ Merchant Banking Partners III and Carlyle/Riverstone Global Energy and Power Fund -- said they would purchase 17.7 million shares of company stock for $8 each. Seabulk, an operator of tugs, tankers and oilfield vessels, got the credit line from NIB Capital Bank and Fortis Capital Corp and is in the process of emerging from bankruptcy.
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