GulfMark Wins Ch. 11 Plan OK To Swap Out $450M In Debt

Published: 4/10/2017
GulfMark Wins Ch. 11 Plan OK To Swap Out $450M In Debt
Source: WWW.LAW360.COM

GulfMark Offshore Inc. won confirmation Wednesday in Delaware bankruptcy court for its Chapter 11 plan that swaps out nearly $450 million in unsecured bond debt for equity in a reorganized company, overcoming opposition from retail noteholders arguing their recovery was not sufficient.

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