TIDEWATER INC. (NYSE:TDW) Files An 8-K Other Events
Item 8.01. Other Events.
In accordance with the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995, the Company notes that
certain statements set forth in this Current Report on Form 8-K
provide other than historical information and are forward
looking. The actual achievement of any forecasted results, or the
unfolding of future economic or business developments in a way
anticipated or projected by the Company, involve numerous risks
and uncertainties that may cause the Companys actual performance
to be materially different from that stated or implied in the
forward-looking statement. Among those risks and uncertainties,
many of which are beyond the control of the Company, include,
without limitation, the future outlook for the amendment or other
restructuring of the companys indebtedness; potential difficulty
in meeting financial covenants in material debt or other
obligations of the company or in obtaining covenant relief from
lenders or other contract parties; volatility in worldwide energy
demand and oil and gas prices, and continuing depressed levels of
oil and gas prices; without a clear indication of if, or when,
prices will recover to a level to support renewed offshore
exploration activities; consolidation of our customer base: fleet
additions by competitors and industry overcapacity; our views
with respect to the need for and timing of the replenishment of
our asset base, including through acquisitions or vessel
construction; changes in capital spending by customers in the
energy industry for offshore exploration, field development and
production; loss of a major customer: changing customer demands
for vessel specifications, which may make some of our older
vessels technologically obsolete for certain customer projects or
in certain markets; delays and other problems associated with
vessel construction and maintenance; uncertainty of global
financial market conditions and difficulty in accessing credit or
capital; acts of terrorism and piracy; integration of acquired
businesses and entry into new lines of business; disagreements
with our joint venture partners; significant weather conditions;
unsettled political conditions, war, civil unrest and
governmental actions, such as expropriation or enforcement of
customs or other laws that are not well developed or consistently
enforced, or requirements that services provided locally be paid
in local currency, in each case especially in higher political
risk countries where we operate; foreign currency fluctuations;
labor changes proposed by international conventions; increased
regulatory burdens and oversight; changes in laws governing the
taxation of foreign source income; retention of skilled workers;
enforcement of laws related to the environment, labor and foreign
corrupt practices; and the resolution of pending legal
proceedings. Readers should consider all of these risk factors as
well as other information contained in this report.
On March 3, 2017, a press release was issued announcing that the
Company received limited waiver extensions from its lenders and
noteholders until March 13, 2017.
The press release is filed as Exhibit 99.1 to this Current Report
and is incorporated herein by reference as if fully set forth.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits
The following exhibits are furnished with this Form 8-K:
99.1 |
Press Release dated March 3, 2017. |
About TIDEWATER INC. (NYSE:TDW)
Tidewater Inc. provides offshore service vessels and marine support services. The Company operates through four segments: Americas, Asia/Pacific, Middle East/North Africa and Sub-Saharan Africa/Europe. Its Americas segment includes the activities of the Company’s North American operations, which include operations in the United States Gulf of Mexico (GOM), and the United States and Canadian coastal waters of the Pacific and Atlantic oceans, as well as operations of offshore Mexico, Trinidad and Brazil. The Asia/Pacific segment includes its Australian and Southeast Asian and Western Pacific operations. The Middle East/North Africa segment includes its operations in the Mediterranean and Red Seas, the Black Sea, the Arabian Gulf and offshore India. The Company’s Sub-Saharan Africa/Europe segment includes operations conducted along the East and West Coasts of Africa, as well as operations in and around the Caspian Sea, the North Sea, and certain other arctic/cold water markets. TIDEWATER INC. (NYSE:TDW) Recent Trading Information
TIDEWATER INC. (NYSE:TDW) closed its last trading session up +0.06 at 1.36 with 1,183,588 shares trading hands.