May 17, 2017 Comments (0) Current Investigations

Gulfmark Offshore Inc. to File for Bankruptcy

Gulfmark Offshore Inc.
(Last Updated On: May 17, 2017)

Recovery of Investment losses in Gulfmark Offshore Inc.

Have you suffered losses investing in Gulfmark Offshore Inc. bonds at the recommendation of a financial advisor?  If so, the securities attorneys of The White Law Group may be able to help you recover those losses through a FINRA arbitration claim.

Houston-based GulfMark Offshore, Inc. 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.

The company issued debt to raise capital for its ventures, such as Gulfmark Offshore Inc. 6.375% March 15 2022.

In December, GulfMark Offshore Inc. (NYSE:GLF) terminated its previously announced cash tender offer to purchase up to $300 million aggregate principal amount of its outstanding 6.375% Senior Notes due 2022 The tender offer commenced on November 23, 2016 and expired on December 29, 2016.

The company has announced this week plans to file for bankruptcy after reaching an agreement with bond holders to convert debt to equity.

The reorganization, which was first reported in the Houston Business Journal, would help the company shed $430 million in debt. Shareholders will have .75 percent of the equity in the reorganized company.  GulfMark said it expects to file for Chapter 11 bankruptcy by May 21.

Recovery of Investment Losses

Brokerage-firms and investment adviser are required to make investment recommendations that are suitable for their clients in light of their clients’ particular investment situation – net worth, investment objectives, income, and investment experience.  Brokerage firms or advisors who sell junk bonds to unsuitable investors or fail to adequately disclose the risks of the investments can be held accountable for losses suffered through a FINRA arbitration claim.

If you have concerns regarding your investment in Gulfmark Offshore Inc. bonds and would like to speak with a securities attorney about your litigation options, please call The White Law Group at 888-637-5510 for a free consultation.

The White Law Group, LLC is a national securities fraud, securities arbitration and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.

To learn more about The White Law Group visit www.whitesecuritieslaw.com.