GULFMARK OFFSHORE, INC. (NYSE:GLF) Files An 8-K Other Events
Item 8.01.     Other Items

On March 15, 2017, the board of directors of GulfMark Offshore, Inc. (the “Company”) decided not to pay on its due date the $13.7 million interest payment due March 15, 2017 on the Company’s 6.375% senior notes due 2022 (the “Senior Notes”) and, as provided for in the indenture governing the Senior Notes, to enter into the 30-day grace period to make such payment. Failure to pay this amount on March 15, 2017 would constitute an event of default under the indenture governing the Senior Notes if the payment is not made within 30 days of such date, which would result in a cross-default under the senior secured, revolving multicurrency credit facility among GulfMark Americas, Inc., as the borrower, the Company, as guarantor, a group of financial institutions as the lenders and The Royal Bank of Scotland plc, as agent for the lenders, and the senior secured revolving credit facility among the Company, as guarantor, GulfMark Rederi AS, as the borrower, and DNB Bank ASA, a Norwegian bank, as lead arranger and lender.

About GULFMARK OFFSHORE, INC. (NYSE:GLF)

GulfMark Offshore, Inc. provides offshore marine support and transportation services. The Company offers these services to companies engaged in the offshore exploration and production of oil and natural gas. The Company operates in three segments: the North Sea (N. Sea), Southeast Asia (SEA) and the Americas. Its vessels transport materials, supplies and personnel to offshore facilities, as well as move and position drilling and production facilities. The operations are conducted in the North Sea, offshore Southeast Asia and offshore in the Americas. It operates a fleet of over 70 owned or managed offshore supply vessels (OSVs), which include over 30 vessels in the North Sea, over 10 vessels offshore Southeast Asia and over 30 vessels offshore the Americas. Its customers include oil and natural gas companies, independent oil and natural gas exploration and production companies working in international markets, and foreign Government-owned or controlled oil and natural gas companies.

GULFMARK OFFSHORE, INC. (NYSE:GLF) Recent Trading Information

GULFMARK OFFSHORE, INC. (NYSE:GLF) closed its last trading session down -0.275 at 0.410 with 292,215 shares trading hands.