Shearman And Sterling

News July 06, 2021

Gulf Marine Services Placing and Open Offer

Shearman & Sterling advised Gulf Marine Services, a company listed on the premium segment of the London Stock Exchange, on its successful capital raising through a placing and open offer.

GMS is a leading provider of advanced self-elevating support vessels, serving the offshore oil, gas and renewable energy sectors, with a focus on the MENA region and Northwest Europe and is listed on the premium listing segment of the Official List. GMS will use the proceeds of the Capital Raising to reduce its indebtedness as required under the terms of its amended debt facilities.

The Team