Intermark Plans $40-Million Offering

Intermark Inc. has filed with the Securities and Exchange Commission for a $40-million convertible subordinated debenture offering that will help the San Diego-based company restructure about $56 million, or 30%, of its long-term debt, according to company officials.

Intermark also plans to sell off its Superior Trans-Med ambulance subsidiary to a company owned principally by Steven C. Gibson and Glen B. Gibson. In addition, Intermark will sell all of its outstanding common stock in Munson Sporting Goods to a new company in which it will hold a 50.1% ownership stake.