Gulfmark announced plans for a tender offer of up to $300 million of unsecured senior notes due in 2022. The all-cash transaction would be financed by MFP Partners and Franklin Mutual Advisors through a $100 million secured term loan and a $100 million revolver.

The investment also includes at least $50 million in new equity, GulfMark said. Raging Capital has also committed to tender about $85 million of the notes.

Once