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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Form 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of Earliest Event Reported): May 12, 1998
GulfMark Offshore, Inc.
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(Exact Name of Registrant as Specified in its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
000-22853 76-0526032
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(Commission File Number) (I.R.S. Employer Identification No.)
5 Post Oak Park, Suite 1170, Houston, Texas 77027
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(Address of Principal Executive Offices) (Zip Code)
(713)963-9522
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(Registrant's Telephone Number, Including Area Code)
N/A
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(Former Name or Former Address, if Changed Since Last Report)
(Exhibit Index Located on Page 3)
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ITEM 5. OTHER EVENTS
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On May 12, 1998, GulfMark Offshore, Inc. announced it will offer to sell
$130 million principal amount of Senior Notes due 2008. Closing is expected to
occur in June 1998. Net proceeds to the Company after costs of the transaction
will be used to repay in full all indebtedness of the Company
under its existing credit facilities, and to the extent net proceeds are
available, for general corporate purposes, including a portion of the capital
expenditures associated with vessels currently under construction. In
conjunction with the sale of the Senior Notes, the Company will obtain a new
credit facility from its banks. The Senior Notes will be issued pursuant to a
144A private placement. The Senior Notes have not been registered under the
Securities Act of 1933 and may not be offered or sold in the United States
absent registration or an applicable exemption from the registration
requirements. Additional information is included in the Company's
press release dated May 12, 1998, which is attached hereto as Exhibit 99.1
(b) Exhibits.
Exhibit No. Description
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99.1 Press Release dated May 12, 1998
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant had duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
GulfMark Offshore, Inc.
Date: May 12, 1998 By: /s/ Frank R. Pierce
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Executive Vice President
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EXHIBIT INDEX
Exhibit No. Description
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99.1 Press Release dated May 12, 1998
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GulfMark Offshore, Inc.
5 Post Oak Park, Suite 1170
Houston, Texas 77027-3414
PRESS RELEASE
FOR IMMEDIATE RELEASE
GULFMARK OFFSHORE ANNOUNCES OFFER TO SELL $130,000,000
SENIOR NOTES DUE 2008
Houston, Texas, (May 12, 1998) - GulfMark Offshore,
Inc. (NASDAQ: GMRK) announced today it will offer to sell
$130 million principal amount of Senior Notes due 2008.
Closing is expected to occur in June 1998. Net proceeds to
the Company after costs of the transaction will be used to
repay in full all indebtedness of the Company under its
existing credit facilities, and to the extent net proceeds
are available, for general corporate purposes, including a
portion of the capital expenditures associated with vessels
currently under construction. In conjunction with the sale
of the Senior Notes, the Company will obtain a new credit
facility from its banks. The Senior Notes will be issued
pursuant to a 144A private placement. The Senior Notes have
not been registered under the Securities Act of 1933 and may
not be offered or sold in the United States absent
registration or an applicable exemption from the
registration requirements.
GulfMark Offshore, Inc. provides marine transportation
services to the energy industry with a fleet of thirty-four
(34) offshore support vessels primarily in the North Sea,
Southeast Asia and Brazil.
Contact: Frank R. Pierce, Executive Vice President
(713) 963-9522
