On November 14th, 2017, Gulfmark Offshore Inc. (NYSE:GLF) successfully completed its restructuring plan and emerged from Chapter 11 bankruptcy. In our note dated November 20th, 217, we had a positive view on the company and continue to remain bullish on its prospects. At emergence, Gulfmark had access to a total liquidity of ~$93 million. This should give Gulfmark a runway into late 2020 without any market improvement or drawing on a new credit facility. The offhore support vessels (OSV) may h...
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