Attached files
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| 8-K - FORM 8-K - TIDEWATER INC | tdw-8k_20170313.htm |
Exhibit 99.1
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Press Release |
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TIDEWATER INC. ● Pan-American Life Center ● 601 Poydras Street, Suite 1500 ● New Orleans, LA 70130 ● Telephone (504) 568-1010 ● Fax (504) 566-4582
Tidewater Receives Limited Waiver Extensions from its Lenders and Noteholders
NEW ORLEANS, March 13, 2017 – As previously reported, Tidewater Inc. (NYSE: TDW) has been in discussions with its principal lenders and noteholders to amend the company’s various debt arrangements to obtain relief from certain covenants. Pending the resolution of those discussions, the company had previously received limited waivers from the necessary lenders and noteholders which waived compliance with these covenants until March 13, 2017. The company has now received extensions of those waivers until March 27, 2017.
Tidewater is the leading provider of OSVs to the global energy industry.
CONTACT: Tidewater Inc., New Orleans
Joe Bennett, Executive Vice President and Chief Investor Relations Officer
504-566-4506
SOURCE: Tidewater Inc.