GulfMark Offshore, Inc., a provider of marine transportation services, primarily to the offshore energy industry, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware. On May 16, 2017, GulfMark issued a press release announcing that it had reached a restructuring support agreement with approximately 47% of the holders of its Senior Notes. According to the First Day Declaration, GulfMark will soon file a prepackaged plan of reorganization, through which it will equitize $448.2 million of its unsecured bond obligations and bolster its liquidity through a $125 million rights offering. The First Day Declaration states that general unsecured creditors will be unaffected by the restructuring. GulfMark’s petition lists its estimated assets between $100 – $500 million and its estimated liabilities between $500 – $1,000 million. Prime Clerk, LLC is the proposed claims and noticing agent. The case has been assigned to the Honorable Kevin Gross.