GulfMark to pay down credit facility debt with senior notes proceeds

By Sara Rosenberg

New York, Feb. 27 - GulfMark Offshore Inc. plans to repay all borrowings under its $200 million credit facility using proceeds from a $300 million senior notes offering, according to a news release.

Remaining proceeds will be used, with cash on hand, to fund a tender offer for 7¾% senior notes due 2014.

GulfMark is a Houston-based provider of offshore marine services.

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