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Gulf Marine Services ( (GB:GMS) ) has issued an update.
Gulf Marine Services PLC has successfully completed the refinancing of its debt, providing the company with lower borrowing costs and increased flexibility in capital allocation. This strategic move, celebrated by GMS’s leadership, is expected to facilitate their deleveraging plans and enhance shareholder value, reflecting lender confidence in the company’s operations and market positioning.
More about Gulf Marine Services
Gulf Marine Services PLC, founded in Abu Dhabi in 1977 and listed on the London Stock Exchange, is a leading global provider of advanced self-propelled, self-elevating support vessels (SESVs) for the offshore energy sector. With a young fleet of 13 vessels, GMS operates from the United Arab Emirates, Saudi Arabia, and Qatar, serving clients worldwide in regions such as the Middle East, South East Asia, West Africa, North America, the Gulf of Mexico, and Europe. Their vessels support a range of offshore activities, including platform refurbishment, maintenance, well intervention, wind turbine maintenance, platform installation, and decommissioning.
YTD Price Performance: 1.66%
Average Trading Volume: 2,866,949
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £164.2M
See more insights into GMS stock on TipRanks’ Stock Analysis page.
