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| Cal Dive International, Inc., headquartered in Houston, Texas, is a marine contractor that provides manned diving, pipelay and pipe burial, platform installation and salvage, and light well intervention services to the offshore oil and natural gas industry on the Gulf of Mexico OCS, Northeastern U.S., Latin America, Southeast Asia, China, Australia, West Africa, the Middle East, and Europe, with a diversified fleet of dive support vessels and construction barges. ... More >> | | |
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| Date | Title | | | 03/03/15 | Cal Dive Commences Voluntary Chapter 11 Proceeding| HOUSTON, March 3, 2015 /PRNewswire/ -- Cal Dive International, Inc. (OTC: CDVI) ("Cal Dive", or the "Company") announced today that it and its U.S. subsidiaries have filed simultaneous voluntary petitions in the United States Bankruptcy Court for the District of Delaware seeking relief under the provisions of Chapter 11 of the U.S. Bankruptcy Code. The Company's foreign subsidiaries have not sought bankruptcy protection and will continue to operate outside of any reorganization proceedings. The ... |
|  | | 01/15/15 | Cal Dive Announces Decision Not to Make Interest Payment| HOUSTON--(BUSINESS WIRE)--Jan. 15, 2015--
Cal Dive International, Inc. (OTC:CDVI) (the “Company”) announced today
that it has decided not to pay approximately $2.2 million in interest
due January 15, 2015 on its 5.00% convertible senior notes due 2017 (the
“Notes”). Under the terms of the indenture governing the Notes, the
Company has a 30-day grace period during which it may elect to make the
interest payment without being in default for non-payment.
... |
| | | 12/01/14 | Cal Dive Provides Update on Efforts to Refinance its Revolving Credit Facility| HOUSTON--(BUSINESS WIRE)--Dec. 1, 2014--
Cal Dive International, Inc. (OTC: CDVI) (the “Company”) announced today
that it is continuing to work with potential capital providers to
refinance its first lien credit agreement. As previously disclosed, the
Company executed an amendment to its first lien credit agreement, which
maintained the size of the revolving credit facility at $100.0 million,
and waived the Company’s non-compliance with certain financial... |
| | | 11/05/14 | Cal Dive Reports Third Quarter 2014 Results| HOUSTON--(BUSINESS WIRE)--Nov. 5, 2014--
Cal Dive International, Inc. (OTC Pink: CDVI) (the “Company”) reported a
third quarter 2014 loss of $42.6 million, or $0.45 per diluted share, on
revenues of $114.6 million. The results for the third quarter 2014
include a $22.6 million after-tax non-cash fixed asset impairment charge
and $1.7 million in after-tax costs related to the Company’s refinancing
and strategic efforts in the third quarter. This compares ... |
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| 11/05/14 | |  | | 04/02/14 | | |
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