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Tidewater Receives Limited Waiver Extensions from its Lenders and Noteholders

NEW ORLEANS, March 3, 2017 /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 March 3, 2017.  The company has now received extensions of those waivers until March 13, 2017.

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

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-300417993.html

SOURCE Tidewater Inc.

Tidewater Inc., New Orleans, Joe Bennett, Executive Vice President and Chief Investor Relations Officer, 504-566-4506

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