GulfMark To Redeem 8.75% Senior Notes Due 2008

Friday, July 23, 2004
GulfMark Offshore, Inc. called for redemption all of its $130,000,000 aggregate principal amount of 8.75% Senior Notes due 2008 that remain outstanding on the redemption date,August 23, 2004. The redemption price is 102.917% of the principal amount of the Notes, or $1,029.17 per $1,000 principal amount of Notes, plus interest accrued and unpaid to the redemption date. On July 2, 2004 the Company commenced a tender offer and consent solicitation for the Notes. On July 14, 2004, the Company received the consent of at least a majority of the aggregate principal amount of the outstanding Notes to amendments that eliminated substantially all of the restrictive covenants and certain events of default in the Indenture relating to the Notes. On July 21, 2004, the Company accepted and paid for $104,245,000 in aggregate principal amount, representing approximately 80%, of the outstanding Notes under the terms of the tender offer and consent solicitation. The tender offer for the Notes remains outstanding until 12:00 midnight, New York City time, on July 30, 2004, unless the offer is extended. Under the terms of the offer, the Company will pay to Holders who tender their Notes in the tender offer $1,002.90 per $1,000 principal amount of Notes, plus accrued and unpaid interest.
Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Panama Canal Infrastructure to be Valued by VRC

Leading provider of independent valuations, Valuation Research Corporation (VRC) says it has been engaged by the Panama Canal Authority to value the locks, dams,

Box Ships on Slippery Containership Slope in Q2

"The reduced charters on the 'Box Queen', 'CMA CGM Marlin' and 'CMA CGM Kingfish' were the contributing factors to the 24% decline in our adjusted time charter revenues year over year,

Norwegian to Buy Prestige Cruises in $3b Deal

Norwegian Cruise Line Holdings Ltd (NCLH.O) said it would buy Prestige Cruises International Inc from its owner Apollo Global Management LLC (APO.N) in a $3 billion

Fuels & Lubes

MN 100: FloScan Instrument Co., Inc.

3016 NE Blakeley Street Seattle, WA 98105 Telephone: 206 524 6625 / 316 E-mail: joe.dydasco@floscan.com Website: www.floscan.com CEO/President: Chuck Wurster Number

MN 100: Kluber Lubrication North America L.P.

32 Industrial Drive Londonderry, NH 03053 Telephone: 508 404 4807 E-mail: ben.bryant@us.kluber.com Website: www.klubersolutions.com CEO/President: Ralf Kraemer Number

BSEE Conducts Oil Spill Response Equipment Review

Earlier this week, BSEE's Oil Spill Response Division (OSRD) conducted an onsite review of oil spill response equipment listed in DCOR, LLC's Oil Spill Response Plan for platforms offshore Long Beach,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pipelines Pod Propulsion Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1993 sec (5 req/sec)