GulfMark Offshore filed Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware. The bankruptcy filing is the next step in GulfMark’s restructuring efforts launched by the company’s restructuring support agreement.
According to the court filing, GulfMark Rederi provided a $35 million intercompany DIP loan with DNB as the issuing bank.
The Chapter 11 filing does not include any of GulfMark’s operating subsidiaries. Contracts and relationships between GulfMark’s operating subsidiaries and their customers, vendors and employees are unaffected by the bankruptcy filing.
GulfMark Offshore provides marine transportation services to the energy industry through a fleet of offshore support vessels serving every major offshore energy industry market in the world.