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Prospect News home > News index > List of issuers G > Headlines for GulfMark Offshore Inc. > News item
Published on 12/8/2004 in the Prospect News Bank Loan Daily.

GulfMark Offshore to use revolver to fund Waveney Citadel purchase

By Caroline Salls

Pittsburgh, Dec. 8 - GulfMark Offshore Inc. said it will fund its purchase of the Waveney Citadel from Waveney Shipping plc with its $100 million revolving line of credit and cash on hand.

The total purchase price for the Citadel is about $18 million.

GulfMark Offshore is a Houston-based marine transportation services provider.


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