GulfMark Offshore, Inc. announces $150m private offering
GulfMark Offshore, Inc. (NYSE:GLF) ("GulfMark") announced on Nov. 30 that, subject to market conditions, it intends to offer $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 $300 million aggregate principal amount of 6.375% Senior Notes due 2022 issued by GulfMark in March 2012, the Company press release said.
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.
The securities to be offered have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws, and unless so registered, the securities may not be offered or sold in the United States to, or for the account or benefit of, U.S. persons except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. GulfMark plans to offer and sell the notes only to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act.
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any of these securities, nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such states.
