Tagged GLF

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GulfMark Offshore Emerges from Chapter 11

GulfMark Offshore, Inc. (NYSE American:GLF) (“GulfMark” or the “Company”) today announced that it has completed its financial restructuring plan and emerged from bankruptcy protection under chapter 11 of the U.S. Bankruptcy Code. The Company’s court-approved Plan of Reorganization (the “Plan”) went into effect today, November 14, 2017. The Plan converts approximately $429.6 million of outstanding…

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Raging Involved in GulfMark Re-Capitalization

Purpose of Transaction. Item 4 is hereby amended to add the following: On November 23, 2016, the Issuer entered into a Securities Purchase Agreement (the “Purchase Agreement”) with MFP Partners, L.P. (“MFP”) and Franklin Mutual Advisers, LLC (“Franklin” and collectively with MFP, the “Investors”), to issue and sell in a private placement (the “Private Placement”)…

Raging Cap Sees Value in Gulfmark

{Raging Capital disclosed a 19.9% position in GLF shares acquired at an average cost of $13.37 per share or 61% above current trading price of $5.20.  The bonds are trading at 60.} The Reporting Persons purchased the securities of the Issuer reported herein based on the Reporting Persons’ belief that such securities, when purchased, were…