Gulf Marine Services Cuts Debt and Funding Costs

Gulf Marine Services (GB:GMS) has released an update.

Gulf Marine Services has successfully reduced its net debt to $250.4 million with a net leverage ratio below three times, enhancing shareholder value and strengthening its financial position. This reduction enables the company to benefit from a 0.10% decrease in funding costs starting April 1, 2024, underlining its ongoing commitment to financial prudence and operational efficiency.

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