<html>
<head>
	<title>smhi20180208_8k.htm</title>

	<!-- Created by RDG HTML Converter v1.1.0.0 2/8/2018 7:11:05 AM --><meta charset="utf-8"><meta name="format-detection" content="telephone=no"/>
</head>
<body style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 10px; margin-right: 10px; cursor: auto;">
<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>UNITED STATES</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>SECURITIES AND EXCHANGE COMMISSION</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>WASHINGTON, D.C. 20549</b></p>

<p style="font-size:2pt;margin:0pt;text-align:left;">&nbsp;</p>

<hr style="height: 1px; color: #000000; background-color: #000000; width: 100%; border: none; margin: 3pt 0">
<p style="font-size:2pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-size:2pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:12pt;margin:0pt;text-align:center;"><b>FORM </b><font style="font-family:Times New Roman, Times, serif;font-size:12pt;"><b>8-K</b></font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>CURRENT REPORT</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>Pursuant </b><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><b>to Section 13 or 15(d) of the</b></font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>Securities Exchange Act of 1934</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">Date of Report: February <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">9, 2018</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">(Date<font style="font-family:Times New Roman, Times, serif;font-size:10pt;"> of earliest event reported: February </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">8, 2018)</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;text-transform:uppercase;"><b>SEACOR </b><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><b>Marine Holdings Inc</b><font style="text-transform:uppercase;"><b>.</b></font></font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">(Exact Name of Registrant as Specified in its Charter)</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width:100%;text-indent:0;font-family:Times New Roman, Times, serif;font-size:10pt;">

		<tr>
			<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); width: 33%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">Delaware</p>
			</td>
			<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); width: 33%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">001-37966</p>
			</td>
			<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); width: 33%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">47-2564547</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 33%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">(State or Other Jurisdiction</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">of Incorporation)</p>
			</td>
			<td style="vertical-align: top; width: 33%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">(Commission</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">File Number)</p>
			</td>
			<td style="vertical-align: top; width: 33%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">(I.R.S. Employer</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">Identification No.)</p>
			</td>
		</tr>

</table>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width:100%;text-indent:0;font-family:Times New Roman, Times, serif;font-size:10pt;">

		<tr>
			<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); width: 67%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">7910 Main Street, 2<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">nd Floor, Houma, LA</font></p>
			</td>
			<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); width: 33%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">70360</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: bottom; width: 67%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">(Address of Principal Executive Offices)</p>
			</td>
			<td style="vertical-align: bottom; width: 33%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">(Zip Code)</p>
			</td>
		</tr>

</table>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family: Times\ New\ Roman, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;"><u>(</u><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><u>985) 876-5400</u></font></p>

<p style="font-family: Times\ New\ Roman, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">(Registrant<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&rsquo;s telephone number, including area code)</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family: Times\ New\ Roman, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;"><u>None</u></p>

<p style="font-family: Times\ New\ Roman, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">(Former Name or Former Address, if Changed Since Last Report)</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Check the appropriate box below if the <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;">

		<tr style="vertical-align: top;">
			<td style="width: 18pt;">
			<p style="margin: 0pt; text-align: left; font-size: 10pt; font-family: Times\ New\ Roman, Times, serif;">&#9744;<font style="font-family:Times New Roman, Times, serif;font-size:10pt;"> </font></p>
			</td>
			<td>
			<p style="margin: 0pt; text-align: left; font-size: 10pt; font-family: Times\ New\ Roman, Times, serif;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Written communications pursuant to Rule 425 under the Securities Act (</font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">17 CFR 230.425)</font></p>
			</td>
		</tr>

</table>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;">

		<tr style="vertical-align: top;">
			<td style="width: 18pt;">
			<p style="margin: 0pt; text-align: left; font-size: 10pt; font-family: Times\ New\ Roman, Times, serif;">&#9744;<font style="font-family:Times New Roman, Times, serif;font-size:10pt;"> </font></p>
			</td>
			<td>
			<p style="margin: 0pt; text-align: left; font-size: 10pt; font-family: Times\ New\ Roman, Times, serif;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (</font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">17 CFR 240.14a-12) </font></p>
			</td>
		</tr>

</table>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;">

		<tr style="vertical-align: top;">
			<td style="width: 18pt;">
			<p style="margin: 0pt; text-align: left; font-size: 10pt; font-family: Times\ New\ Roman, Times, serif;">&#9744;<font style="font-family:Times New Roman, Times, serif;font-size:10pt;"> </font></p>
			</td>
			<td>
			<p style="margin: 0pt; text-align: left; font-size: 10pt; font-family: Times\ New\ Roman, Times, serif;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (</font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">17 CFR 240.14d-2(b))</font></p>
			</td>
		</tr>

</table>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;">

		<tr style="vertical-align: top;">
			<td style="width: 18pt;">
			<p style="margin: 0pt; text-align: left; font-size: 10pt; font-family: Times\ New\ Roman, Times, serif;">&#9744;<font style="font-family:Times New Roman, Times, serif;font-size:10pt;"> </font></p>
			</td>
			<td>
			<p style="margin: 0pt; text-align: left; font-size: 10pt; font-family: Times\ New\ Roman, Times, serif;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (</font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">17 CFR 240.13e-4(c))</font></p>
			</td>
		</tr>

</table>

<p style="font-size:2pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-size:2pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Indicate by check mark whether the registrant is an <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">emerging growth company as defined in Rule 405 of the Securities Act of</font> 1933 (&sect;230.405 of this chapter) or Rule 12b-2 of the <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Securities Exchange Act of 1934 (&sect;240.12b-2 of this chapter).</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Emerging growth company <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&#9746;</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">If an <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">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. &#9746;</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-size:2pt;margin:0pt;text-align:left;">&nbsp;</p>

<div id="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div id="PGNUM" style="text-align: center; width: 100%">&nbsp;</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div id="PGHDR" style="text-align: left; width: 100%">&nbsp;</div>
</div>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>Item 1.01.</b><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><b> Entry into a Material Definitive Agreement. </b></font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><b>&nbsp;</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><u><i><b>Closing of the </b></i></u><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><u><i><b>Joint Venture Contribution and Formation Agreement</b></i></u></font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">On February <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">8, 2018 (the &ldquo;</font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><u>Closing Date</u>&rdquo;)</font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">, SEACOR LB Holdings LLC (&ldquo;</font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><u>SLH</u>&rdquo;), an indirect wholly-owned subsidiary of </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">SEACOR Marine Holdings Inc. (&ldquo;</font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><u>SEACOR Marine</u>&rdquo;)</font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">, consummated the transactions (the &ldquo;<u>Transactions</u>&rdquo;) contemplated by the previously-announced Joint Venture Contribution and Formation Agreement, dated as of August 10, 2017, as amended by the First Amendment to the Joint Venture Contribution and Formation Agreement, dated as of January 8, 2018 (as so amended, the &ldquo;<u>JV Contribution Agreement</u>&rdquo;), by and among SLH, Montco Offshore, LLC, a Louisiana limited liability company formed upon the conversion of Montco Offshore, Inc. from a corporation to a limited liability company (&ldquo;<u>MOI</u>&rdquo;), and, pursuant to a Joinder dated as of the Closing Date, Falcon Global Holdings LLC (&ldquo;<u>FGH</u>&rdquo;), which is the joint venture &ldquo;Company&rdquo; contemplated by the JV Contribution Agreement. On the </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Closing Date, each of </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">SLH and </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">MOI contributed certain self-propelled, self-elevating liftboat vessels (&ldquo;</font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><u>Liftboat Vessels</u>&rdquo;), certain entities owning </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Liftboat Vessels and certain related assets to </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">FGH, as described further below. </font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">SLH (directly or through its affiliates) contributed to </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">FGH and its designated subsidiaries, among other things, </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">(i) nine Liftboat Vessels, </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">(ii) a 100% ownership interest in SEACOR LB Offshore (MI) LLC, which holds </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">a 50% ownership interest in Falcon Global International LLC f/k/a Falcon Global LLC (&ldquo;</font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><u>FG International</u>&rdquo;) which, in turn, indirectly owns two </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Liftboat Vessels, </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">(iii) a 100% ownership interest in C-Lift LLC, which indirectly owns two Liftboat Vessels and </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">(iv) approximately $15,000,000 in cash.</font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"> MOI contributed to </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">FGH and its designated subsidiaries, among other things, </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">(i) six </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Liftboat Vessels owned by it directly and </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">(ii) a 100% ownership interest in Montco Global LLC, which holds the remaining </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">50% ownership interest in FG International. </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">FGH also assumed certain liabilities of the parties relating to the contributed assets. In exchange for their contributions of such assets, </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">SLH and </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">MOI each received </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">equity interests in FGH in proportion to the values of the respective assets (net of liabilities) that they contributed to </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">FGH. As a result of the </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Transactions, </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">SLH owns approximately </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">72% of the outstanding equity interests in </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">FGH.</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">The foregoing <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">information is a summary of the </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">JV Contribution Agreement and the First Amendment to the </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">JV Contribution Agreement and, as such, does not purport to be complete and is qualified in its entirety by reference to the full text of the </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">JV Contribution Agreement and the First Amendment. A copy of the original </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">JV Contribution Agreement was filed as </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Exhibit 2.1 to SEACOR Marine&rsquo;s Form 8-K filed with </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">the Securities and Exchange Commission on August 11, 2017 (the &ldquo;</font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><u>August 11th Form 8-K</u>&rdquo;), and a copy of the First Amendment thereto was filed as Exhibit 2.1 to SEACOR Marine&rsquo;s Form 8-K filed with </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">the Securities and Exchange Commission on January 9, 2018 (the &ldquo;</font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><u>January 9th Form 8-K</u>&rdquo;). The original </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">JV Contribution Agreement and the First Amendment thereto, and the </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">transactions contemplated by the original </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">JV Contribution Agreement and the First Amendment thereto, respectively, are more fully described in the </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">August 11th Form 8-K and the </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">January 9th Form 8-K, which descriptions are incorporated herein by reference in their entirety.</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><u><i><b>Amended and Restated </b></i></u><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><u><i><b>Falcon Global </b></i></u><u><i><b>Holdings LLC Agreement</b></i></u></font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">In connection with and immediately following the consummation of the <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Transactions, </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">SLH and </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">MOI entered into the amended and restated the </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">limited liability company agreement of </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">FGH (the &ldquo;</font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><u>Amended and Restated FGH LLC Agreement</u>&rdquo;). The </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Amended and Restated FGH LLC Agreement provides that </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">FGH will be managed by a </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Board of Managers, which acts by majority vote and will initially be composed of three managers. </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">SLH has the right to appoint two managers to the </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Board of Managers, and </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">MOI has the right to appoint the remaining manager. The Chairman of the </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Board of Managers will be appointed from time to time by majority vote of the </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Board of Managers. The </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Amended and Restated FGH LLC Agreement contains ownership transfer restrictions, including, among others, a right of first offer in favor of the other members, granting each member preemptive rights over the issuance of new equity interests, tag-along rights in favor of each member, and drag-along rights in favor of </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">SLH.</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">&nbsp;</p>

<div id="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div id="PGNUM" style="text-align: center; width: 100%">&nbsp;</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div id="PGHDR" style="text-align: left; width: 100%">&nbsp;</div>
</div>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">The foregoing description of the <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Amended and Restated FGH LLC Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Amended and Restated FGH LLC Agreement, a copy of which is filed as Exhibit </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">10.1 hereto and the terms of which are incorporated herein by reference.</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><u><i><b>Credit Facility</b></i></u></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">On <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">the Closing Date, Falcon Global USA LLC, a wholly owned subsidiary of FGH (&ldquo;<u>Falcon Global</u>&rdquo;), entered into a credit agreement for a $131.1 million loan facility comprised of a $116.1 million term loan and a $15 million revolving loan facility (with an aggregate $9 million sublimit for letters of credit) with a syndicate of lenders administered by JPMorgan Chase Bank, N.A. (the &ldquo;<u>Credit Facility</u>&rdquo; and such agreement being the &ldquo;<u>Credit Agreement</u>&rdquo;), which is secured by substantially all of Falcon Global&rsquo;s tangible and intangible assets.</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">The proceeds from the <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Credit Facility were used as follows: $116.1 million (the full amount of the term loan) was incurred to satisfy in full, in conjunction with other payments made by or on behalf of Orgeron Real Estate, L.L.C., amounts outstanding under the Second Amended and Restated Credit Agreement, dated as of January 29, 2016, by and among MOI and Orgeron Real Estate, L.L.C., as borrowers, the lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent, in connection with the plan of reorganization for MOI under Chapter 11, which plan of reorganization was confirmed by the United States Bankruptcy Court for the Southern District of Texas, Houston Division, on January 18, 2018; and $5 million was drawn under the revolving credit facility for working capital purposes.</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">The <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Credit Facility bears interest at a variable rate based upon applicable London Inter-Bank Offered Rate or prime rate as determined from time to time, plus a margin which ranges from 1.9% to 6.0% based upon the currency of the borrowing and whether the borrowing was part of the revolving loan or the term loan, among other factors. </font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">The debt under the <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Credit Facility will mature on February 8, 2024 (the &ldquo;<u>Maturity Date</u>&rdquo;), and may be accelerated upon the occurrence of an event of default. Commencing in March 2020, monthly repayment of the term loan begins with payments being the lesser of (a) $0.8 million and (b) the amount outstanding under the term loan. In addition, commencing in May 2019, in the event that at the end of any calendar year Falcon Global has sufficient cash reserves available, a mandatory payment on the term loan equal to a portion of Excess Cash Flow, as such term is defined in the Credit Facility, for the immediately preceding calendar year is required to be paid with respect to the term loans, calculated by reference to 100% of such Excess Cash Flow for calendar years 2018 and 2019, 75% of such Excess Cash Flow for calendar years 2020 and 2021, and 50% of such Excess Cash Flow thereafter. All loans under the Credit Facility may be prepaid without penalty at any time. Once repaid, the term loans may not be reborrowed. The outstanding principal balance, interest and all other amounts outstanding for all loans, including all revolving loans, are due and payable on the Maturity Date.</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">The <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Credit Facility contains various financial maintenance and restrictive covenants including: adjusted EBITDA minus capital expenditures and minus mandatory tax distributions to interest expense plus amortization; aggregate collateral vessel value to the sum of outstanding principal amount of all loans; and minimum liquidity. In addition, the Credit Facility restricts the payment of dividends and distributions.</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">In connection with the <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Credit Facility, SEACOR Marine issued an Obligation Guaranty with respect to limited obligations of Falcon Global under the Credit Facility (the &ldquo;<u>Guaranty</u>&rdquo;). </font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<div id="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div id="PGNUM" style="text-align: center; width: 100%">&nbsp;</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div id="PGHDR" style="text-align: left; width: 100%">&nbsp;</div>
</div>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">The <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">foregoing description of the </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Credit Agreement and the </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Guaranty does not purport to be complete and is qualified in its entirety by reference to the full text of the </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Credit Agreement, the </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Guaranty and the related Pledge and Security Agreement, copies of which are filed as </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Exhibits 10.2, 10.3 and 10.4 hereto and the terms of which are incorporated herein by reference.</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><b>Item 2.03.</b><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><b> Creation of a Direct Financing Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.</b></font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><i><b>&nbsp;</b></i></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">T<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">he discussion of the Credit Facility and the Credit Agreement set forth under Item 1.01, &ldquo;Entry into a Material Definitive Agreement,&rdquo; of this Form 8-K is incorporated herein by reference in its entirety. </font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><b>&nbsp;</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><b>Item 8.01.</b><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><b> Other Events.</b></font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><u><i><b>Closing of the </b></i></u><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><u><i><b>Joint</b></i></u><u><i><b> Venture Contribution and Formation Agreement</b></i></u></font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">Please see the discussion set forth under Item <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">1.01, &ldquo;Entry into a Material Definitive Agreement,&rdquo; of this Form 8-K, which discussion is incorporated herein by reference in its entirety.</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><u><i><b>Press Release</b></i></u></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">On <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">February </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">9, 2018, </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">SEACOR Marine issued a press release announcing </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">the closing of the </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Transactions. </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">The press release is attached as Exhibit 99.1 hereto and is incorporated in this Item 8.01 by reference.</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><i><b>&nbsp;</b></i></p>

<hr style="height: 1px; color: #000000; background-color: #000000; width: 100%; border: none; margin: 0 0 3pt 0;">
<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;">

		<tr style="vertical-align: top;">
			<td style="width: 81pt;">
			<p style="margin: 0pt; text-align: justify; font-size: 10pt; font-family: Times\ New\ Roman, Times, serif;"><b>Item 9.01.</b><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><b> </b></font></p>
			</td>
			<td>
			<p style="margin: 0pt; text-align: justify; font-size: 10pt; font-family: Times\ New\ Roman, Times, serif;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><b>Financial Statements and Exhibits.</b></font></p>
			</td>
		</tr>

</table>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;">(d)<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><b>&nbsp;</b></p>

<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;">

		<tr style="vertical-align: top;">
			<td style="width: 63pt;">
			<p style="margin: 0pt; font-size: 10pt; font-family: Times\ New\ Roman, Times, serif; text-align: center;"><u>Exhibit No.</u><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"> </font></p>
			</td>
			<td>
			<p style="margin: 0pt; text-align: justify; font-size: 10pt; font-family: Times\ New\ Roman, Times, serif;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><u>Description</u></font></p>
			</td>
		</tr>

</table>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:18pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;">

		<tr style="vertical-align: top;">
			<td style="width: 27pt;">&nbsp;</td>
			<td style="width: 36pt;">
			<p style="font-family:Times New Roman, Times, serif;margin-right:0pt;margin-top:0pt;text-align:justify;margin-bottom:0pt;font-size:10pt;">2.1<font style="font-size:10pt;font-family:Times New Roman, Times, serif;">*</font></p>
			</td>
			<td>
			<p style="font-family:Times New Roman, Times, serif;margin-right:0pt;margin-top:0pt;text-align:justify;margin-bottom:0pt;font-size:10pt;"><a href="http://www.sec.gov/Archives/edgar/data/1690334/000143774917014456/ex2-1.htm" style="-sec-extract:exhibit;"><font style="font-size:10pt;font-family:Times New Roman, Times, serif;">Joint Venture Contribution and Formation Agreement, dated August 10, 2017, by and between SEACOR LB Holdings LLC and Montco Offshore, Inc. (incorporated by reference to Exhibit 2.1 to the Current Report on Form 8-K of SEACOR Marine Holdings Inc. filed with the Securities and Exchange Commission on August 11, 2017).</font></a></p>
			</td>
		</tr>

</table>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:72pt;margin-right:0pt;margin-top:0pt;text-align:justify;text-indent:-36pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;">

		<tr style="vertical-align: top;">
			<td style="width: 27pt;">&nbsp;</td>
			<td style="width: 36pt;">
			<p style="font-family:Times New Roman, Times, serif;margin-right:0pt;margin-top:0pt;text-align:justify;margin-bottom:0pt;font-size:10pt;">2.2</p>
			</td>
			<td>
			<p style="font-family:Times New Roman, Times, serif;margin-right:0pt;margin-top:0pt;text-align:justify;margin-bottom:0pt;font-size:10pt;"><a href="http://www.sec.gov/Archives/edgar/data/1690334/000143774918000427/ex_102792.htm" style="-sec-extract:exhibit;"><font style="font-size:10pt;font-family:Times New Roman, Times, serif;">First Amendment to Joint Venture Contribution and Formation Agreement, dated January 8, 2018, by and between SEACOR LB Holdings LLC and Montco Offshore, Inc. (incorporated by reference to Exhibit 2.1 to the Current Report on Form 8-K of SEACOR Marine Holdings Inc. filed with the Securities and Exchange Commission on January 9, 2018).</font></a></p>
			</td>
		</tr>

</table>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:72pt;margin-right:0pt;margin-top:0pt;text-align:justify;text-indent:-36pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;">

		<tr style="vertical-align: top;">
			<td style="width: 27pt;">&nbsp;</td>
			<td style="width: 36pt;">
			<p style="font-family:Times New Roman, Times, serif;margin-right:0pt;margin-top:0pt;text-align:justify;margin-bottom:0pt;font-size:10pt;">10.1<font style="font-size:10pt;font-family:Times New Roman, Times, serif;">*</font></p>
			</td>
			<td>
			<p style="font-family:Times New Roman, Times, serif;margin-right:0pt;margin-top:0pt;text-align:justify;margin-bottom:0pt;font-size:10pt;"><a href="ex_104649.htm" style="-sec-extract:exhibit;"><font style="font-size:10pt;font-family:Times New Roman, Times, serif;">Amended and Restated Limited Liability Company Agreement of Falcon Global Holdings LLC, dated February 8, 2018, by and among Falcon Global Holdings LLC, SEACOR LB Holdings LLC and Montco Offshore, LLC.</font></a></p>
			</td>
		</tr>

</table>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:72pt;margin-right:0pt;margin-top:0pt;text-align:justify;text-indent:-36pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;">

		<tr style="vertical-align: top;">
			<td style="width: 27pt;">&nbsp;</td>
			<td style="width: 36pt;">
			<p style="font-family:Times New Roman, Times, serif;margin-right:0pt;margin-top:0pt;text-align:justify;margin-bottom:0pt;font-size:10pt;">10.2<font style="font-size:10pt;font-family:Times New Roman, Times, serif;">*</font></p>
			</td>
			<td>
			<p style="font-family:Times New Roman, Times, serif;margin-right:0pt;margin-top:0pt;text-align:justify;margin-bottom:0pt;font-size:10pt;"><a href="ex_104720.htm" style="-sec-extract:exhibit;"><font style="font-size:10pt;font-family:Times New Roman, Times, serif;">Credit Agreement, dated as of February 8, 2018, by and among Falcon Global USA LLC, as borrower, certain subsidiaries of the borrower as loan guarantors, JPMorgan Chase Bank, N.A., as administrative agent, issuing bank and security trustee, and the lenders party thereto from time to time.</font></a></p>
			</td>
		</tr>

</table>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:72pt;margin-right:0pt;margin-top:0pt;text-align:justify;text-indent:-36pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;">

		<tr style="vertical-align: top;">
			<td style="width: 27pt;">&nbsp;</td>
			<td style="width: 36pt;">
			<p style="font-family:Times New Roman, Times, serif;margin-right:0pt;margin-top:0pt;text-align:justify;margin-bottom:0pt;font-size:10pt;">10.3</p>
			</td>
			<td>
			<p style="font-family:Times New Roman, Times, serif;margin-right:0pt;margin-top:0pt;text-align:justify;margin-bottom:0pt;font-size:10pt;"><a href="ex_104721.htm" style="-sec-extract:exhibit;"><font style="font-size:10pt;font-family:Times New Roman, Times, serif;">Obligation Guaranty Agreement, dated as of February 8, 2018, by SEACOR Marine Holdings Inc.</font></a></p>
			</td>
		</tr>

</table>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:72pt;margin-right:0pt;margin-top:0pt;text-align:justify;text-indent:-36pt;">&nbsp;</p>

<div id="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div id="PGNUM" style="text-align: center; width: 100%">&nbsp;</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div id="PGHDR" style="text-align: left; width: 100%">&nbsp;</div>
</div>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;">

		<tr style="vertical-align: top;">
			<td style="width: 27pt;">&nbsp;</td>
			<td style="width: 36pt;">
			<p style="font-family:Times New Roman, Times, serif;margin-right:0pt;margin-top:0pt;text-align:justify;margin-bottom:0pt;font-size:10pt;">10.4<font style="font-size:10pt;font-family:Times New Roman, Times, serif;">*</font></p>
			</td>
			<td>
			<p style="font-family:Times New Roman, Times, serif;margin-right:0pt;margin-top:0pt;text-align:justify;margin-bottom:0pt;font-size:10pt;"><a href="ex_104722.htm" style="-sec-extract:exhibit;"><font style="font-size:10pt;font-family:Times New Roman, Times, serif;">Pledge and Security Agreement, dated as of February 8, 2018, by and among Falcon Global USA LLC, as borrower, any Grantor (as defined therein), and JPMorgan Chase Bank, N.A., as administrative agent, issuing bank and security trustee.</font></a></p>
			</td>
		</tr>

</table>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:72pt;margin-right:0pt;margin-top:0pt;text-align:justify;text-indent:-36pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;">

		<tr style="vertical-align: top;">
			<td style="width: 27pt;">&nbsp;</td>
			<td style="width: 36pt;">
			<p style="font-family:Times New Roman, Times, serif;margin-right:0pt;margin-top:0pt;text-align:justify;margin-bottom:0pt;font-size:10pt;">99.1</p>
			</td>
			<td>
			<p style="font-family:Times New Roman, Times, serif;margin-right:0pt;margin-top:0pt;text-align:justify;margin-bottom:0pt;font-size:10pt;"><a href="ex_104665.htm" style="-sec-extract:exhibit;"><font style="font-size:10pt;font-family:Times New Roman, Times, serif;">Press Release, dated February 9, 2018.</font></a></p>
			</td>
		</tr>

</table>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:72pt;margin-right:0pt;margin-top:0pt;text-align:justify;text-indent:-36pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;">

		<tr style="vertical-align: top;">
			<td style="width: 27pt;">&nbsp;</td>
			<td style="width: 9pt;">
			<p style="margin: 0pt; text-align: justify; font-size: 10pt; font-family: Times\ New\ Roman, Times, serif;">*</p>
			</td>
			<td>
			<p style="margin: 0pt; text-align: justify; font-size: 10pt; font-family: Times\ New\ Roman, Times, serif;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Certain schedules and exhibits to this agreement have been omitted in accordance with Item 601(b)(2) of Regulation S-K. A copy of any omitted schedule and/or exhibit will be furnished supplementally to the Securities and Exchange Commission upon request.</font></p>
			</td>
		</tr>

</table>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>

<p style="font-family: Times\ New\ Roman, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">SIGNATURE</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Pursuant to the requirements of the <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:24.2pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width:100%;text-indent:0;font-family:Times New Roman, Times, serif;font-size:10pt;">

		<tr>
			<td style="vertical-align: middle; width: 46%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
			<td colspan="2" style="vertical-align: top; width: 4%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">SEACOR MARINE HOLDINGS INC.</p>
			</td>
			<td style="vertical-align: middle; width: 0%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: middle; width: 46%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
			<td colspan="2" style="vertical-align: top; width: 4%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
			<td style="vertical-align: middle; width: 0%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 46%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
			<td style="vertical-align: top; width: 4%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">By:</p>
			</td>
			<td style="vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0); width: 50%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:3.7pt;margin-right:0pt;margin-top:0pt;text-align:left;"><i>/s/</i><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><i> Matthew Cenac</i></font></p>
			</td>
			<td style="vertical-align: middle; width: 0%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 46%;">&nbsp;</td>
			<td style="vertical-align: top; width: 4%;">&nbsp;</td>
			<td style="vertical-align: top; width: 50%;">Matthew Cenac</td>
			<td style="vertical-align: middle; width: 0%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 46%;">&nbsp;</td>
			<td style="vertical-align: top; width: 4%;">&nbsp;</td>
			<td style="vertical-align: top; width: 50%;">Executive Vice President and Chief Financial Officer</td>
			<td style="vertical-align: middle; width: 0%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align: middle; width: 46%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
			<td colspan="2" style="vertical-align: middle; width: 4%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
			<td style="vertical-align: top; width: 0%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 46%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Date: February 9<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">, 2018</font></p>
			</td>
			<td colspan="2" style="vertical-align: middle; width: 4%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
			<td style="vertical-align: middle; width: 0%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
		</tr>

</table>

<p style="font-size:2pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-size:2pt;margin:0pt;text-align:left;">&nbsp;</p>

<div id="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div id="PGNUM" style="text-align: center; width: 100%">&nbsp;</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div id="PGHDR" style="text-align: left; width: 100%">&nbsp;</div>
</div>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">EXHIBIT INDEX</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width:100%;text-indent:0;font-family:Times New Roman, Times, serif;font-size:10pt;">

		<tr>
			<td style="vertical-align: top; width: 8%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><u>Exhibit No.</u><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;</font></p>
			</td>
			<td style="vertical-align: middle; width: 2%;">&nbsp;</td>
			<td style="vertical-align: top; width: 90%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:11.4pt;margin-right:0pt;margin-top:0pt;text-align:left;"><u>Description</u><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;</font></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 8%;">&nbsp;</td>
			<td style="vertical-align: middle; width: 2%;">&nbsp;</td>
			<td style="vertical-align: top; width: 90%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 8%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">2.1*</p>
			</td>
			<td style="vertical-align: middle; width: 2%;">&nbsp;</td>
			<td style="vertical-align: top; width: 90%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Joint Venture Contribution and Formation Agreement, dated August 10, 2017, by and between SEACOR LB Holdings LLC and Montco Offshore, Inc.<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;(incorporated by reference to Exhibit 2.1 to the Current Report on Form 8-K of SEACOR Marine Holdings Inc. filed with the Securities and Exchange Commission</font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"> on August 11, 2017).</font></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 8%;">&nbsp;</td>
			<td style="vertical-align: middle; width: 2%;">&nbsp;</td>
			<td style="vertical-align: top; width: 90%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 8%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">2.2</p>
			</td>
			<td style="vertical-align: middle; width: 2%;">&nbsp;</td>
			<td style="vertical-align: top; width: 90%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;">First Amendment to Joint Venture Contribution and Formation Agreement, dated January 8, 2018, by and between SEACOR LB Holdings LLC and Montco Offshore, Inc.<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;(incorporated by reference to Exhibit 2.1 to the Current Report on Form 8-K of SEACOR Marine Holdings Inc. filed with the Securities and Exchange Commission</font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"> on January 9, 2018).</font></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 8%;">&nbsp;</td>
			<td style="vertical-align: middle; width: 2%;">&nbsp;</td>
			<td style="vertical-align: top; width: 90%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 8%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">10.1*</p>
			</td>
			<td style="vertical-align: middle; width: 2%;">&nbsp;</td>
			<td style="vertical-align: top; width: 90%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Amended and Restated Limited Liability Company <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Agreement of Falcon Global Holdings LLC, dated February 8, 2018, by and among Falcon Global Holdings LLC, SEACOR LB Holdings LLC and Montco Offshore, LLC.</font></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 8%;">&nbsp;</td>
			<td style="vertical-align: middle; width: 2%;">&nbsp;</td>
			<td style="vertical-align: top; width: 90%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 8%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">10<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">.2*</font></p>
			</td>
			<td style="vertical-align: middle; width: 2%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:11.4pt;margin-right:0pt;margin-top:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:11.4pt;margin-right:0pt;margin-top:0pt;text-align:left;">&nbsp;</p>
			</td>
			<td style="vertical-align: top; width: 90%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Credit Agr<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">eement, dated as of February 8, 2018, by and among Falcon Global USA LLC, as borrower, certain subsidiaries of the borrower as loan guarantors, JPMorgan Chase Bank, N.A., as administrative agent, issuing bank and security trustee, and the lenders party thereto from time to time.</font></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 8%;">&nbsp;</td>
			<td style="vertical-align: middle; width: 2%;">&nbsp;</td>
			<td style="vertical-align: top; width: 90%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 8%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">10.3</p>
			</td>
			<td style="vertical-align: middle; width: 2%;">&nbsp;</td>
			<td style="vertical-align: top; width: 90%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Obligation Gu<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">aranty Agreement, dated as of February 8, 2018, by SEACOR Marine Holdings Inc.</font></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 8%;">&nbsp;</td>
			<td style="vertical-align: middle; width: 2%;">&nbsp;</td>
			<td style="vertical-align: top; width: 90%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 8%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">10.4<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">*</font></p>
			</td>
			<td style="vertical-align: middle; width: 2%;">&nbsp;</td>
			<td style="vertical-align: top; width: 90%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Pledge and <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Security Agreement, dated as of February 8, 2018, by and among Falcon Global USA LLC, as borrower, any Grantor (as defined therein), and JPMorgan Chase Bank, N.A., as administrative agent, issuing bank and security trustee.</font></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 8%;">&nbsp;</td>
			<td style="vertical-align: middle; width: 2%;">&nbsp;</td>
			<td style="vertical-align: top; width: 90%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 8%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">99.1</p>
			</td>
			<td style="vertical-align: middle; width: 2%;">&nbsp;</td>
			<td style="vertical-align: top; width: 90%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Press Release, dated <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">February 9, 2018</font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">.</font></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 8%;">&nbsp;</td>
			<td style="vertical-align: middle; width: 2%;">&nbsp;</td>
			<td style="vertical-align: top; width: 90%;">&nbsp;</td>
		</tr>

</table>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:right;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;">

		<tr style="vertical-align: top;">
			<td style="width: 9pt;">
			<p style="margin: 0pt; text-align: justify; font-size: 10pt; font-family: Times\ New\ Roman, Times, serif;">*</p>
			</td>
			<td>
			<p style="margin: 0pt; text-align: justify; font-size: 10pt; font-family: Times\ New\ Roman, Times, serif;">Certain schedules and exhibits to this agreement have been omitted in accordance with Item 601(b)(2) of Regulation S-K. A copy of any omitted schedule and/or exhibit will be furnished as a supplement to the Securities and Exchange Commission upon request.</p>
			</td>
		</tr>

</table>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
</body>
</html>
[{"type": "8-K", "sequence": "1", "filename": "smhi20180208_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 63704}]
{"company-data": {"conformed-name": "SEACOR Marine Holdings Inc.", "cik": "0001690334", "assigned-sic": "4412", "irs-number": "472564547", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-37966", "film-number": "18587766"}, "business-address": {"street1": "7910 MAIN STREET", "street2": "2ND FLOOR", "city": "HOUMA", "state": "LA", "zip": "33316", "phone": "9858465400"}, "mail-address": {"street1": "7910 MAIN STREET", "street2": "2ND FLOOR", "city": "HOUMA", "state": "LA", "zip": "33316"}}
smhi20180208_8k.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
8-K
CURRENT REPORT
Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: February
9, 2018
(Date
of earliest event reported: February
8, 2018)
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)
(I.R.S. Employer
Identification No.)
7910 Main Street, 2
nd Floor, Houma, LA
70360
(Address of Principal Executive Offices)
(Zip Code)
(
985) 876-5400
(Registrant
's telephone number, including area code)
None
(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:
☐
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))
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 1.01.
Entry into a Material Definitive Agreement.
Closing of the
Joint Venture Contribution and Formation Agreement
On February
8, 2018 (the "
Closing Date
")
, SEACOR LB Holdings LLC ("
SLH
"), an indirect wholly-owned subsidiary of
SEACOR Marine Holdings Inc. ("
SEACOR Marine
")
, consummated the transactions (the "
Transactions
") contemplated by the previously-announced Joint Venture Contribution and Formation Agreement, dated as of August 10, 2017, as amended by the First Amendment to the Joint Venture Contribution and Formation Agreement, dated as of January 8, 2018 (as so amended, the "
JV Contribution Agreement
"), by and among SLH, Montco Offshore, LLC, a Louisiana limited liability company formed upon the conversion of Montco Offshore, Inc. from a corporation to a limited liability company ("
MOI
"), and, pursuant to a Joinder dated as of the Closing Date, Falcon Global Holdings LLC ("
FGH
"), which is the joint venture "Company" contemplated by the JV Contribution Agreement. On the
Closing Date, each of
SLH and
MOI contributed certain self-propelled, self-elevating liftboat vessels ("
Liftboat Vessels
"), certain entities owning
Liftboat Vessels and certain related assets to
FGH, as described further below.
SLH (directly or through its affiliates) contributed to
FGH and its designated subsidiaries, among other things,
(i) nine Liftboat Vessels,
(ii) a 100% ownership interest in SEACOR LB Offshore (MI) LLC, which holds
a 50% ownership interest in Falcon Global International LLC f/k/a Falcon Global LLC ("
FG International
") which, in turn, indirectly owns two
Liftboat Vessels,
(iii) a 100% ownership interest in C-Lift LLC, which indirectly owns two Liftboat Vessels and
(iv) approximately $15,000,000 in cash.
MOI contributed to
FGH and its designated subsidiaries, among other things,
(i) six
Liftboat Vessels owned by it directly and
(ii) a 100% ownership interest in Montco Global LLC, which holds the remaining
50% ownership interest in FG International.
FGH also assumed certain liabilities of the parties relating to the contributed assets. In exchange for their contributions of such assets,
SLH and
MOI each received
equity interests in FGH in proportion to the values of the respective assets (net of liabilities) that they contributed to
FGH. As a result of the
Transactions,
SLH owns approximately
72% of the outstanding equity interests in
FGH.
The foregoing
information is a summary of the
JV Contribution Agreement and the First Amendment to the
JV Contribution Agreement and, as such, does not purport to be complete and is qualified in its entirety by reference to the full text of the
JV Contribution Agreement and the First Amendment. A copy of the original
JV Contribution Agreement was filed as
Exhibit 2.1 to SEACOR Marine's Form 8-K filed with
the Securities and Exchange Commission on August 11, 2017 (the "
August 11th Form 8-K
"), and a copy of the First Amendment thereto was filed as Exhibit 2.1 to SEACOR Marine's Form 8-K filed with
the Securities and Exchange Commission on January 9, 2018 (the "
January 9th Form 8-K
"). The original
JV Contribution Agreement and the First Amendment thereto, and the
transactions contemplated by the original
JV Contribution Agreement and the First Amendment thereto, respectively, are more fully described in the
August 11th Form 8-K and the
January 9th Form 8-K, which descriptions are incorporated herein by reference in their entirety.
Amended and Restated
Falcon Global
Holdings LLC Agreement
In connection with and immediately following the consummation of the
Transactions,
SLH and
MOI entered into the amended and restated the
limited liability company agreement of
FGH (the "
Amended and Restated FGH LLC Agreement
"). The
Amended and Restated FGH LLC Agreement provides that
FGH will be managed by a
Board of Managers, which acts by majority vote and will initially be composed of three managers.
SLH has the right to appoint two managers to the
Board of Managers, and
MOI has the right to appoint the remaining manager. The Chairman of the
Board of Managers will be appointed from time to time by majority vote of the
Board of Managers. The
Amended and Restated FGH LLC Agreement contains ownership transfer restrictions, including, among others, a right of first offer in favor of the other members, granting each member preemptive rights over the issuance of new equity interests, tag-along rights in favor of each member, and drag-along rights in favor of
SLH.
The foregoing description of the
Amended and Restated FGH LLC Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the
Amended and Restated FGH LLC Agreement, a copy of which is filed as Exhibit
10.1 hereto and the terms of which are incorporated herein by reference.
Credit Facility
On
the Closing Date, Falcon Global USA LLC, a wholly owned subsidiary of FGH ("
Falcon Global
"), entered into a credit agreement for a $131.1 million loan facility comprised of a $116.1 million term loan and a $15 million revolving loan facility (with an aggregate $9 million sublimit for letters of credit) with a syndicate of lenders administered by JPMorgan Chase Bank, N.A. (the "
Credit Facility
" and such agreement being the "
Credit Agreement
"), which is secured by substantially all of Falcon Global's tangible and intangible assets.
The proceeds from the
Credit Facility were used as follows: $116.1 million (the full amount of the term loan) was incurred to satisfy in full, in conjunction with other payments made by or on behalf of Orgeron Real Estate, L.L.C., amounts outstanding under the Second Amended and Restated Credit Agreement, dated as of January 29, 2016, by and among MOI and Orgeron Real Estate, L.L.C., as borrowers, the lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent, in connection with the plan of reorganization for MOI under Chapter 11, which plan of reorganization was confirmed by the United States Bankruptcy Court for the Southern District of Texas, Houston Division, on January 18, 2018; and $5 million was drawn under the revolving credit facility for working capital purposes.
The
Credit Facility bears interest at a variable rate based upon applicable London Inter-Bank Offered Rate or prime rate as determined from time to time, plus a margin which ranges from 1.9% to 6.0% based upon the currency of the borrowing and whether the borrowing was part of the revolving loan or the term loan, among other factors.
The debt under the
Credit Facility will mature on February 8, 2024 (the "
Maturity Date
"), and may be accelerated upon the occurrence of an event of default. Commencing in March 2020, monthly repayment of the term loan begins with payments being the lesser of (a) $0.8 million and (b) the amount outstanding under the term loan. In addition, commencing in May 2019, in the event that at the end of any calendar year Falcon Global has sufficient cash reserves available, a mandatory payment on the term loan equal to a portion of Excess Cash Flow, as such term is defined in the Credit Facility, for the immediately preceding calendar year is required to be paid with respect to the term loans, calculated by reference to 100% of such Excess Cash Flow for calendar years 2018 and 2019, 75% of such Excess Cash Flow for calendar years 2020 and 2021, and 50% of such Excess Cash Flow thereafter. All loans under the Credit Facility may be prepaid without penalty at any time. Once repaid, the term loans may not be reborrowed. The outstanding principal balance, interest and all other amounts outstanding for all loans, including all revolving loans, are due and payable on the Maturity Date.
The
Credit Facility contains various financial maintenance and restrictive covenants including: adjusted EBITDA minus capital expenditures and minus mandatory tax distributions to interest expense plus amortization; aggregate collateral vessel value to the sum of outstanding principal amount of all loans; and minimum liquidity. In addition, the Credit Facility restricts the payment of dividends and distributions.
In connection with the
Credit Facility, SEACOR Marine issued an Obligation Guaranty with respect to limited obligations of Falcon Global under the Credit Facility (the "
Guaranty
").
The
foregoing description of the
Credit Agreement and the
Guaranty does not purport to be complete and is qualified in its entirety by reference to the full text of the
Credit Agreement, the
Guaranty and the related Pledge and Security Agreement, copies of which are filed as
Exhibits 10.2, 10.3 and 10.4 hereto and the terms of which are incorporated herein by reference.
Item 2.03.
Creation of a Direct Financing Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
T
he discussion of the Credit Facility and the Credit Agreement set forth under Item 1.01, "Entry into a Material Definitive Agreement," of this Form 8-K is incorporated herein by reference in its entirety.
Item 8.01.
Other Events.
Closing of the
Joint
Venture Contribution and Formation Agreement
Please see the discussion set forth under Item
1.01, "Entry into a Material Definitive Agreement," of this Form 8-K, which discussion is incorporated herein by reference in its entirety.
Press Release
On
February
9, 2018,
SEACOR Marine issued a press release announcing
the closing of the
Transactions.
The press release is attached as Exhibit 99.1 hereto and is incorporated in this Item 8.01 by reference.
Item 9.01.
Financial Statements and Exhibits.
(d)
Exhibits
Exhibit No.
Description
2.1
*
Joint Venture Contribution and Formation Agreement, dated August 10, 2017, by and between SEACOR LB Holdings LLC and Montco Offshore, Inc. (incorporated by reference to Exhibit 2.1 to the Current Report on Form 8-K of SEACOR Marine Holdings Inc. filed with the Securities and Exchange Commission on August 11, 2017).
2.2
First Amendment to Joint Venture Contribution and Formation Agreement, dated January 8, 2018, by and between SEACOR LB Holdings LLC and Montco Offshore, Inc. (incorporated by reference to Exhibit 2.1 to the Current Report on Form 8-K of SEACOR Marine Holdings Inc. filed with the Securities and Exchange Commission on January 9, 2018).
10.1
*
Amended and Restated Limited Liability Company Agreement of Falcon Global Holdings LLC, dated February 8, 2018, by and among Falcon Global Holdings LLC, SEACOR LB Holdings LLC and Montco Offshore, LLC.
10.2
*
Credit Agreement, dated as of February 8, 2018, by and among Falcon Global USA LLC, as borrower, certain subsidiaries of the borrower as loan guarantors, JPMorgan Chase Bank, N.A., as administrative agent, issuing bank and security trustee, and the lenders party thereto from time to time.
10.3
Obligation Guaranty Agreement, dated as of February 8, 2018, by SEACOR Marine Holdings Inc.
10.4
*
Pledge and Security Agreement, dated as of February 8, 2018, by and among Falcon Global USA LLC, as borrower, any Grantor (as defined therein), and JPMorgan Chase Bank, N.A., as administrative agent, issuing bank and security trustee.
99.1
Press Release, dated February 9, 2018.
*
Certain schedules and exhibits to this agreement have been omitted in accordance with Item 601(b)(2) of Regulation S-K. A copy of any omitted schedule and/or exhibit will be furnished supplementally to the Securities and Exchange Commission upon request.
SIGNATURE
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.
By:
/s/
Matthew Cenac
Matthew Cenac
Executive Vice President and Chief Financial Officer
Date: February 9
, 2018
EXHIBIT INDEX
Exhibit No.
Description
2.1*
Joint Venture Contribution and Formation Agreement, dated August 10, 2017, by and between SEACOR LB Holdings LLC and Montco Offshore, Inc.
(incorporated by reference to Exhibit 2.1 to the Current Report on Form 8-K of SEACOR Marine Holdings Inc. filed with the Securities and Exchange Commission
on August 11, 2017).
2.2
First Amendment to Joint Venture Contribution and Formation Agreement, dated January 8, 2018, by and between SEACOR LB Holdings LLC and Montco Offshore, Inc.
(incorporated by reference to Exhibit 2.1 to the Current Report on Form 8-K of SEACOR Marine Holdings Inc. filed with the Securities and Exchange Commission
on January 9, 2018).
10.1*
Amended and Restated Limited Liability Company
Agreement of Falcon Global Holdings LLC, dated February 8, 2018, by and among Falcon Global Holdings LLC, SEACOR LB Holdings LLC and Montco Offshore, LLC.
10
.2*
Credit Agr
eement, dated as of February 8, 2018, by and among Falcon Global USA LLC, as borrower, certain subsidiaries of the borrower as loan guarantors, JPMorgan Chase Bank, N.A., as administrative agent, issuing bank and security trustee, and the lenders party thereto from time to time.
10.3
Obligation Gu
aranty Agreement, dated as of February 8, 2018, by SEACOR Marine Holdings Inc.
10.4
*
Pledge and
Security Agreement, dated as of February 8, 2018, by and among Falcon Global USA LLC, as borrower, any Grantor (as defined therein), and JPMorgan Chase Bank, N.A., as administrative agent, issuing bank and security trustee.
99.1
Press Release, dated
February 9, 2018
.
*
Certain schedules and exhibits to this agreement have been omitted in accordance with Item 601(b)(2) of Regulation S-K. A copy of any omitted schedule and/or exhibit will be furnished as a supplement to the Securities and Exchange Commission upon request.