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2017 Tidewater News

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Tidewater to Present at the Cowen Energy & Natural Resources Conference
November 28, 2017

NEW ORLEANS, Nov. 28, 2017 /PRNewswire/ -- Tidewater Inc. (NYSE: TDW) announced today that Quinn P. Fanning, Executive Vice President and Chief Financial Officer and Jason R. Stanley, Director, Investor Relations, will present at the Cowen Energy & Natural Resources Conference in New York, New York on Monday, December 4, 2017, at approximately 9:40 a.m. Eastern time.  The presentation will be available via real-time webcast at http://www.tdw.com.  Playback will be available for a 30-day peri... » Continuing reading this story
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Tidewater Reports Results For The Three Months Ended September 30, 2017
November 08, 2017

NEW ORLEANS, Nov. 8, 2017 /PRNewswire/ -- Tidewater Inc. (NYSE:TDW) announced today a net loss for the period from August 1, 2017 through September 30, 2017 (Successor), of $15.7 million, or $0.81 per common share, on revenues of $74.3 million. For the period from July 1, 2017 through July 31, 2017 (Predecessor), the net loss was $1,122.5 million, or $23.82 per common share, on revenues of $36.3 million. For the quarter ended September 30, 2016 (Predecessor), the net loss was... » Continuing reading this story
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Tidewater Announces Earnings Conference Call
November 06, 2017

NEW ORLEANS, Nov. 6, 2017 /PRNewswire/ -- Tidewater Inc. (NYSE: TDW) announced today that its earnings conference call has been scheduled for Thursday, November 9, 2017 at 9:00 a.m. Central time.  During the conference call, the Company will discuss results for the three months ended September 30, 2017, which are expected to be released on November 8, 2017, after the markets close.  During the conference call, Company's management may discuss not only the factors contributing to the Company's fi... » Continuing reading this story
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Tidewater Announces Executive Leadership Changes
October 16, 2017

NEW ORLEANS, Oct. 16, 2017 /PRNewswire/ -- Tidewater Inc. (NYSE: TDW) ("Tidewater" or the "Company") announced today that Jeffrey M. Platt has elected to retire effective October 15, 2017 from his roles as CEO, President, and a director of Tidewater.  The Board of Directors has appointed Larry T. Rigdon as its interim Chief Executive Officer ("CEO") and President, effective immediately. "Having successfully completed the financial restructuring of Tidewater at the end of July, which positione... » Continuing reading this story
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Tidewater Announces Intent to List Series A and Series B Warrants on NYSE
September 29, 2017

NEW ORLEANS, Sept. 29, 2017 /PRNewswire/ -- Tidewater Inc. (NYSE: TDW) ("Tidewater" or the "Company") announced today that the Company has notified the New York Stock Exchange (the "NYSE") of its intent to list its Series A Warrants and Series B Warrants with CUSIP numbers 88642R 117 and 88642R 125, respectively, on the NYSE. The Series A Warrants will have the ticker symbol "TDW WS.A" and the Series B Warrants will have the ticker symbol "TDW WS.B". Trading is expected to commence on October 5,... » Continuing reading this story
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Tidewater to Present at the Johnson Rice 2017 Energy Conference
September 21, 2017

NEW ORLEANS, Sept. 21, 2017 /PRNewswire/ -- Tidewater Inc. (NYSE: TDW) announced today that Jeffrey M. Platt, President and Chief Executive Officer, and Joseph M. Bennett, Executive Vice President and Chief Investor Relations Officer, will present at the Johnson Rice 2017 Energy Conference in New Orleans, Louisiana, on Tuesday, September 26, 2017, at approximately 2:30 p.m. Central time.  The presentation will be available via real-time webcast at http://www.tdw.com.  Playback will be available ... » Continuing reading this story
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Tidewater Reports First Quarter Results For Fiscal 2018
August 08, 2017

NEW ORLEANS, Aug. 8, 2017 /PRNewswire/ -- Tidewater Inc. (NYSE:TDW) announced today a first quarter net loss for the period ended June 30, 2017, of $524.4 million, or $11.13 per common share, on revenues of $115.1 million. For the same quarter last year, net loss was $89.1 million, or $1.89 per common share, on revenues of $167.9 million. The immediately preceding quarter ended March 31, 2017, had a net loss of $94.9 million, or $2.01 per common share, on revenues of $160.7 million. Included ... » Continuing reading this story
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Tidewater Successfully Completes Financial Restructuring And Emerges From Chapter 11 Bankruptcy
July 31, 2017

NEW ORLEANS, July 31, 2017 /PRNewswire/ -- Tidewater Inc. (NYSE: TDW) ("Tidewater" or the "Company") announced that effective today the Company and its affiliated chapter 11 debtors have emerged from bankruptcy after successfully completing its reorganization pursuant to the Second Amended Joint Prepackaged Chapter 11 Plan of Reorganization of Tidewater and its Affiliated Debtors (the "Plan"), that was confirmed on July 17, 2017 by the United States Bankruptcy Court for the District of Delaware.... » Continuing reading this story
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Tidewater Announces Continued Listing Of New Shares Of Common Stock And Trading Under Ticker "TDW" And Authorization Of New Listing Of Series A And Series B Warrants Following Emergence From Chapter 11 Reorganization
July 27, 2017

NEW ORLEANS, July 27, 2017 /PRNewswire/ -- Tidewater Inc. (NYSE: TDW) ("Tidewater" or the "Company") announced today that the Company received approval to list its new common stock with the new CUSIP number 88642R 109 (the "New Common Stock") on the New York Stock Exchange (the "NYSE") under the same NYSE ticker symbol "TDW" as the shares of the Company's existing common stock (the "Existing Stock"). In addition, the NYSE approved the listing of the Company's Series A Warrants and Series B W... » Continuing reading this story
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Tidewater Announces Confirmation Of Plan Of Reorganization
July 13, 2017

NEW ORLEANS, July 13, 2017 /PRNewswire/ -- Tidewater Inc. (NYSE: TDW) ("Tidewater" or the "Company") today announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has confirmed the Second Amended Joint Prepackaged Chapter 11 Plan of Reorganization of Tidewater and its Affiliated Debtors, originally dated May 17, 2017 and amended on July 12, 2017 and July 13, 2017 (the "Plan").  The Company expects that Judge Brendan L. Shannon will enter a written confirmatio... » Continuing reading this story
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Tidewater Reports Fourth Quarter and Year End Results For Fiscal 2017
June 12, 2017

NEW ORLEANS, June 12, 2017 /PRNewswire/ -- Tidewater Inc. (NYSE:TDW) announced today a fourth quarter net loss for the period ended March 31, 2017, of $94.9 million, or $2.01 per common share, on revenues of $160.7 million. For fiscal year ended March 31, 2017, the company's net loss was $660.1 million, or $14.02 per common share, on revenues of $601.6 million. For the prior fiscal year's fourth quarter ended March 31, 2016, the company's net loss was $81.8 million, or $1.74 per common share, on... » Continuing reading this story
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Tidewater Receives Approval Of First Day Motions
May 19, 2017

NEW ORLEANS, May 19, 2017 /PRNewswire/ -- Tidewater Inc. (NYSE: TDW) ("Tidewater" or the "Company") today announced that the United States Bankruptcy Court for the District of Delaware has granted the relief requested by the Company in certain first day motions related to ordinary course business activities.  Among other things, the approved motions authorize the Company to pay prepetition employee wages and benefits without interruption, maintain its insurance programs, utilize its current cash... » Continuing reading this story
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Tidewater Commences Prepackaged Chapter 11 Cases Pursuant To Restructuring Support Agreement
May 17, 2017

NEW ORLEANS, May 17, 2017 /PRNewswire/ -- Tidewater Inc. (NYSE: TDW) ("Tidewater" or the "Company") announced today that it and certain of its subsidiaries (collectively with Tidewater, the "Debtors"), have filed voluntary petitions under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") to pursue a prepackaged plan of reorganization (the "Prepackaged Plan") in accordance with its previously announced rest... » Continuing reading this story
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Tidewater Announces Entry Into Restructuring Support Agreement With Certain Lenders And Noteholders
May 12, 2017

NEW ORLEANS, May 12, 2017 /PRNewswire/ -- Tidewater Inc. (NYSE: TDW) ("Tidewater" or the "Company") has entered into a Restructuring Support Agreement ("RSA") with certain of its lenders under Tidewater's Fourth Amended and Restated Revolving Credit Agreement, dated as of June 21, 2013 (the "Credit Agreement") and holders of Tidewater Senior Notes due in 2017, 2018, 2019, 2020, 2021, 2022, 2023 and 2025 (the "Senior Notes"), as applicable (collectively, the "Consenting Creditors") to effectuate ... » Continuing reading this story
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Tidewater Receives Continued Listing Standards Notice from the New York Stock Exchange
April 19, 2017

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... » Continuing reading this story
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Tidewater Agrees to Short-Term Waivers with its Lenders and Noteholders to Conclude Restructuring Discussions
April 05, 2017

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... » Continuing reading this story
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Tidewater Announces Expiration of Limited Waivers from its Lenders and Noteholders
March 27, 2017

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... » Continuing reading this story
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Tidewater Receives Limited Waiver Extensions from its Lenders and Noteholders
March 13, 2017

NEW ORLEANS, March 13, 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 13, 2017.  The company has now received extensions... » Continuing reading this story
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Tidewater Receives Limited Waiver Extensions from its Lenders and Noteholders
March 03, 2017

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 o... » Continuing reading this story
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Tidewater Reports Third Quarter Results For Fiscal 2017
February 07, 2017

NEW ORLEANS, Feb. 7, 2017 /PRNewswire/ -- Tidewater Inc. (NYSE:TDW) announced today a third quarter net loss for the period ended December 31, 2016, of $297.7 million, or $6.32 per common share, on revenues of $129.2 million. For the same quarter last year, net loss was $19.5 million, or $0.42 per common share, on revenues of $218.2 million. The immediately preceding quarter ended September 30, 2016, had a net loss of $178.5 million, or $3.79 per common share, on revenues of $143.7 million. I... » Continuing reading this story
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Tidewater Receives Limited Waiver Extensions from its Lenders and Noteholders
January 26, 2017

NEW ORLEANS, Jan. 26, 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 January 27, 2017. The company has now received extensions... » Continuing reading this story
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Tidewater Announces Earnings Conference Call
January 25, 2017

NEW ORLEANS, Jan. 25, 2017 /PRNewswire/ -- Tidewater Inc. (NYSE: TDW) announced today that its fiscal 2017 third quarter (ended December 31, 2016) earnings conference call has been scheduled for Wednesday, February 8, 2017 at 10:00 a.m. Central time.  During the conference call, the Company will discuss the results for the quarter ended December 31, 2016, which are expected to be released on February 7, 2017, after the markets close.  During the conference call, Company's management may discuss ... » Continuing reading this story
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