Seacor Smit Files $200M Shelf Offering

Seacor Smit Inc., the provider of offshore marine services to the oil and gas industry, filed on Monday with the Securities and Exchange Commission to periodically sell up to $200 million in common and preferred stock, debt securities and warrants. The Houston-based company plans to use the net proceeds for general corporate purposes, it said in the shelf registration filing. Under a shelf registration, a company may sell securities from time to time in one or more separate offerings in amounts, at prices and on terms to be determined at the time of sale.