GulfMark Offshore files $250 million shelf registration

NOVEMBER 16, 2015 — GulfMark Offshore (NYSE:GLF) has filed a shelf registration with the SEC.

The form S3 positions the offshore services company to sell up to $250 million in securities "from time to time after the effective date of this registration statement, as determined by the registrant."

The filing says that the company "will use the net proceeds from the sale of securities sold by us for general corporate purposes, which may include the repayment of debt, acquisitions, capital expenditures and working capital. We may temporarily invest funds we receive from the sale of securities by us that we do not immediately need for these purposes."

According to the filing, in the nine months ended September 30, 2015, Gullmark Offshore's losses from continuing operations were $198.6 million.

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