Debt Refinancing Successfully Completed
Debt refinancing completed on 30 December 2024, lowering borrowing costs and providing capital allocation flexibility.
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Gulf Marine Services (GMS), a leading provider of self-propelled, self-elevating support vessels for the offshore energy sector, is pleased to announce that it successfully completed the refinance of its debt, on December 30th 2024, as detailed in the Company's previous announcement on August 1st, 2024.
Alex Aclimandos, GMS Chief Financial Officer, commented:
"As described earlier, we are very happy to have secured this deal as it lowers our costs of borrowing and gives us more flexibility on capital allocation, reflecting the trust of the lenders."
Mansour Al Alami, GMS Executive Chairman, added:
"This new deal will allow us to proceed with our deleveraging plans and to continue to move value from lenders to shareholders."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.