Gulf Offshore Logistics postpones $110 million secured notes offering

By Paul A. Harris

Portland, Ore., June 22 - Gulf Offshore Logistics, LLC postponed its $110 million offering of five-year senior secured notes due to market conditions, an informed source said on Wednesday.

The Raceland, La.-based provider of marine transportation services to the energy industry plans to return to the high-yield market as conditions improve, the source added.

Global Hunter Securities and Knight Capital were the managers for the deal, which was intended to provide funding for debt refinancing and for general corporate purposes.

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