DNB Markets Arranges $125MM Gulfmark Exit Financing

Gulfmark Offshore filed with the U.S. Bankruptcy Court an exit financing commitment letter under which DNB Markets will serve as sole lead arranger on a credit facility encompassing a $25 million revolver and a $100 million term loan.

DNB Provides $35MM Intercompany DIP to Gulfmark Offshore

GulfMark Offshore filed Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware. GulfMark Rederi provided a $35 million DIP loan to the company with DNB as the issuing bank.