November 11, 2016 - 12:22 PM EST
Print Email Article Font Down Font Up Charts

Tidewater Receives Limited Waiver Extensions from its Lenders and Noteholders

NEW ORLEANS, Nov. 11, 2016 /PRNewswire/ -- 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 November 11, 2016. The company has now received extensions of these waivers until January 27, 2017.

Tidewater is the leading provider of OSVs to the global energy industry.

Logo - http://photos.prnewswire.com/prnh/20140829/141662

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/tidewater-receives-limited-waiver-extensions-from-its-lenders-and-noteholders-300361505.html

SOURCE Tidewater Inc.


Source: PR Newswire (November 11, 2016 - 12:22 PM EST)

News by QuoteMedia
www.quotemedia.com

Legal Notice