This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:GulfMark Offshore Reports Operating Results for the Third Quarter of 2009 2009-10-27 19:51 ET - News Release HOUSTON, Oct. 27, 2009 (GLOBE NEWSWIRE) -- GulfMark Offshore, Inc. (NYSE:GLF) today announced results of operations for the three and nine months ended September 30, 2009.
As previously announced, we initiated a restructuring that we expect to complete in the first quarter of 2010 that is intended to help preserve the Company's status as a U.S. citizen under certain U.S. maritime and vessel documentation laws by, among other things, limiting the percentage of outstanding shares of Company common stock that may be owned or controlled in the aggregate by non-U.S. citizens. More information on this reorganization is available in the Form S-4 document filed with the Securities and Exchange Commission on October 21, 2009.
In addition, during the fourth quarter we executed a credit approved term sheet related to refinancing $200.0 million of our outstanding indebtedness that otherwise would be maturing on June 30, 2010. Our expectation is to complete this refinancing in the fourth quarter.
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