GulfMark Offshore, Inc. (NYSE:GLF) announced Friday it intends to offer $150 million in aggregate principal amount of its 6.375% Senior Notes due 2022 for sale in a private offering to fund vessel construction costs. The notes will have substantially the same terms as the $300 million aggregate principal amount of 6.375% Senior Notes due 2022 issued by GulfMark in March … [Read more...]
Gulfmark Offshore Announces Additional Jones Act Newbuilds, and 300% Revenue Increase
Gulfmark Offshore released their Q2 operating results on Monday and at the same time, announced their intention to build two additional Jones Act platform supply vessels (PSVs) for the U.S. Gulf of Mexico. Bruce Streeter, Gulfmark's President and CEO, commented, "As we previously announced, we sold two U.S. flagged aluminum boats during the quarter for a gain of $3.7 million, … [Read more...]