Tidewater Inc. Announces Extension of Expiration Time of Tender Offer to Purchase its 8.00% Senior Secured Notes Due 2022
January 11, 2019 at 04:30 pm EST
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Tidewater Inc. announced that due to the closing of executive departments and agencies of the U.S. Federal government, including the Securities and Exchange Commission, on December 24, 2018, it has extended the expiration date of its cash tender offer (the “Offer”) to purchase up to $25,368,084 aggregate principal amount of its 8.00% Senior Secured Notes due 2022 (the “Notes”) from 5:00 p.m., New York City time, on January 11, 2019 to 5:00 p.m., New York City time, on January 14, 2019, unless further extended or earlier terminated. As of January 10, 2019, $160,000 aggregate principal amount of the Notes had been tendered in the Offer. Holders of Notes who have previously validly tendered and not validly withdrawn their Notes do not need to re-tender their Notes or take any other action in response to the extension of the Offer.
Tidewater Inc. is an owner and operator of offshore support vessels providing offshore energy transportation services worldwide. The Company's segments include Americas, Asia Pacific, Middle East, Europe/Mediterranean and West Africa. Its vessels and associated services support all phases of offshore crude oil and natural gas (also referred to as oil and gas) exploration activities, field development, production and maintenance, as well as windfarm development and maintenance. Its services include transporting supplies and personnel necessary to sustain drilling, workover, production activities, field abandonment, dismantlement and restoration activities; offshore construction and seismic and subsea support; geotechnical survey support for windfarm construction, and a variety of other specialized services such as pipe and cable laying. The Company offers a diversified fleet of offshore service vessels (OSV or vessels), with around 217 vessels serving customers in over 30 countries.