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    GulfMark Offshore raises funds for newbuilds

    Company News // December 3, 2012

    GulfMark Offshore has announced today that, subject to market conditions, it intends to offer US$150 million in aggregate principal amount of its 6.375% Senior Notes due 2022 for sale in a private offering.

    The notes will have substantially the same terms as the US$300 million aggregate principal amount of 6.375% Senior Notes due 2022 issued by GulfMark in March 2012.

    GulfMark intends to use the net proceeds from the notes offering to repay certain existing credit facilities and for general corporate purposes, including to fund vessel construction costs.

     

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