Tidewater

Corporate Profile

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In 1955, a group of investors led by the Laborde family of New Orleans pioneered the development of the first offshore service vessel specifically designed and outfitted to support a burgeoning offshore oil and gas industry. One year later, Tidewater's first vessel Ebb Tide was ready to sail into the United States Gulf of Mexico and Tidewater Marine Service, Inc. was begun.

From that first vessel came anchor-handing towing-supply (AHTS) vessels, platform supply vessels (PSV), crew boats, offshore tugs and specialty vessels, among others. Collectively, these vessels transport people, equipment and supplies between mainland locations and numerous offshore installations. They also tow and position mobile drilling rigs, assist in a variety of offshore construction projects and aid in a number of specialty services, including cable-laying and seismic work.

Today, Tidewater is the undisputed worldwide leader of the workboat industry with over 350 vessels and locations in all of the major oil and natural gas basins of the world.

While Tidewater has owned several diversified businesses, its core competency has always been the workboat industry. The late 1980s and early 1990s saw a return to the company's core business with the divestment of its compression operations, it's oil and gas properties as well as its real estate holdings.

A key to Tidewater's success has been and remains its customer service. The company's philosophy is that having the best equipment is insignificant if that equipment is not operated safely by knowledgeable, friendly and skilled employees. In this respect, ongoing training and safety continue to be a major focus for our marine fleet employees.

Just as Tidewater has evolved through the decades, it must continue to change with the times. New and exciting challenges await the company and our management and front-line employees eagerly anticipate the next step to be taken. In short, Tidewater people are working hard to keep Tidewater a worldwide leader through serving our various publics and evolving with an ever-changing marketplace.

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04/19/17
Tidewater Receives Continued Listing Standards Notice from the New York Stock Exchange
NEW ORLEANS, April 19, 2017 /PRNewswire/ -- On April 18, 2017, Tidewater Inc. (NYSE:TDW) (the "Company") was notified by the New York Stock Exchange ("NYSE") that the 30-trading-day average closing price per share of the Company's common stock was below $1.00, which is the minimum average share price required for continued listing under NYSE rules. As required by NYSE rules, no later than May 2, 2017, the Company will notify the NYSE of its intent to cure the share price deficiency and to ret... 
04/05/17
Tidewater Agrees to Short-Term Waivers with its Lenders and Noteholders to Conclude Restructuring Discussions
NEW ORLEANS, April 5, 2017 /PRNewswire/ -- Tidewater Inc. (NYSE: TDW) has been in restructuring discussions with its principal lenders and noteholders regarding the company's various debt arrangements. Pending the resolution of those discussions, the company had previously received limited waivers from the necessary lenders and noteholders which waived compliance with certain debt covenants until March 27, 2017, at which time the company announced that the latest waiver extension had expired wit... 
03/27/17
Tidewater Announces Expiration of Limited Waivers from its Lenders and Noteholders
NEW ORLEANS, March 27, 2017 /PRNewswire/ -- Tidewater Inc. (NYSE: TDW) announced today that the latest waiver of covenant default from its lenders and noteholders expired in accordance with its terms on March 27, 2017, without a renewal being sought by the company. Jeffrey M. Platt, President and Chief Executive Officer of the company, said, "Negotiations with our lenders and noteholders are progressing well, with a significant number of commercial points negotiated and, to our knowledge, res... 
TDW (Common Stock)
ExchangeNYSE (US Dollar)
Price$0.81
Change (%) Stock is Down 0.05 (5.81%)
Volume1,117,161
Data as of 04/21/17 4:02 p.m. ET
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Investor Relations
6002 Rogerdale Road
Suite 600
Houston, Texas 77072 USA
713-470-5300
Accountants
Deloitte and Touche LLP


NYSE: TDW $0.81 0.05

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