(a) a variable interest rate based on the London interbank rate offered (“LIBOR”) or a base rate calculated by referring to the bank`s policy rate of agents, and varies according to Kirby`s credit rating; And Savage will continue to offer inland navigation services to customers until the transaction is complete. Our offshore commercial and coastal services for some existing customers, including port operations, management and logistics, are not affected by this agreement and will remain an important part of our service offering in the future. The purchase is financed equally by Kirby`s revolving credit facility and Kirby`s common shares for approximately $355 million, subject to certain closing adjustments. The acquisition is expected to close in the third quarter and will be subject to customary closing conditions, including regulatory approvals under the Hart-Scott-Rodino Act. Kirby has scheduled a conference call at 5:00 p.m. .m Central Time today, June 13, 2017, to discuss the acquisition. Kirby`s live webcast with a slide can be viewed on www.kirbycorp.com. The conference call number is 888-317-6003 for national callers and 412-317-6061 for international callers. The confirmation number is 4097128. Audio playback is available Tuesday, June 13, 2017 at 7:00 p.m. .m central time until 7:00 p.m.
.m central clock time on Tuesday, June 20, 2017, at 877-344-7529 for national calls and 412-317-0088 for international calls. The return passcode is 10109034. A repeat of the webcast will be available at www.kirbycorp.com after the call on Kirby`s website. HOUSTON, March 28, 2019 (GLOBE NEWSWIRE) — Kirby Corporation (“Kirby”) (KEX) announced today that it has entered into an amended and revised credit agreement (the “credit agreement”) with a group of banks. The credit agreement extends, among other things, the duration of Kirby`s existing revolving credit facility of $850 million (due date) until March 27, 2024; HOUSTON, June 13, 2017 /PRNewswire/ — Kirby Corporation (“Kirby”) (NYSE: KEX) today announced the signing of a final agreement to acquire all assets and operations of Stewart and Stevenson LLC (“Stewart-Stevenson”), a Houston-based subsidiary of Parman Capital Group, for approximately $710 million prior to the completion of adjustments and transaction fees. It was signed by Hushang Ansary, Executive Chairman of Stewart-Stevenson, and Joseph H. Pyne, Executive Chairman of the Kirby Corporation. Savage confirms the agreement announced today by Kirby Corporation for the purchase of our fleet of inland tanks, comprising 90 tankers and 46 tugs, as well as other assets. The agreement is subject to customary completion conditions and regulatory approvals. Once this transaction is complete, this transaction will provide more flexibility to grow our business in line with our strategy, values and ongoing commitment to safe, reliable and responsible operations. HOUSTON, June 19, 2017 /PRNewswire/ — Kirby Corporation (“Kirby”) (NYSE: KEX) today announced the signing of an agreement to purchase certain assets by water from an unrecomentioned competitor at a cost of $68 million.
