SEACOR Marine Holdings Inc. (NYSE:SMHI) (“SEACOR”) and Proyectos Globales de Energía y Servicios CME, S.A. de C.V. (“CME”) acquired UP Offshore (Bahamas) Ltd. (“UP Offshore”) for a nominal consideration on December 20, 2018. The acquisition was made through a new joint venture company that is 49% owned by a subsidiary of SEACOR and 51% owned by a subsidiary of CME. Pursuant to the deal, the debt of UP Offshore was refinanced with approximately $95 million of new indebtedness composed of $70 million in the form of a new six-year debt facility provided by UP Offshore’s existing lenders, a $15 million loan to UP Offshore from Mantenimiento Express Marítimo, S.A.P.I. de C.V. (“MEXMAR”), and a $10 million loan from the new joint venture company of SEACOR Marine and CME to fund working capital requirements of UP Offshore. DNB Markets, Inc. acted as advisor to MEXMAR in the transaction. Clarksons Platou Securities AS acted as financial advisor to UP Offshore. SEACOR Marine Holdings Inc. (NYSE:SMHI) and Proyectos Globales de Energía y Servicios CME, S.A. de C.V. completed the acquisition of UP Offshore (Bahamas) Ltd. on December 20, 2018.