Saltchuk Resources launched a cash tender offer for any and all of Great Lakes Dredge & Dock’s 5.25% senior notes due 2029, which have USD 325 million outstanding. The offer includes a consent solicitation to amend the notes’ indenture, including removing most restrictive covenants and certain events of default. The tender offer consideration is USD 971.25 per USD 1,000 principal amount, plus accrued interest. Noteholders who tender by the early deadline will receive total consideration of USD 1,001.25 per USD 1,000 principal amount, plus accrued interest.

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