GulfMark calls remaining 8¾% notes

Pittsburgh, July 22 - GulfMark Offshore Inc. will redeem any of its $130 million 8¾% senior notes due 2008 outstanding after its tender offer finishes at a price of $1,029.17 per $1,000 principal amount plus accrued interest, according to a company news release.

The redemption date is Aug. 23.

As previously announced, GulfMark began a tender offer and consent solicitation for the notes on July 2 and received the consent to amendments on July 14 that eliminated essentially all of the restrictive covenants and certain events of default in the indenture.

The company accepted and paid for $104.2 million principal amount, or about 80% of the outstanding notes July 21 under the terms of the tender offer and consent solicitation.

The tender offer expires at midnight ET on July 30, unless extended.

The company will pay $1,002.90 per $1,000 principal amount plus accrued interest to holders who tender their notes in the tender offer.

Houston-based GulfMark provides marine transportation services to the energy industry.

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