Key Developments: Tidewater Inc (TDW)

TDW on New York Consolidated

31.16USD
26 Jan 2015
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Latest Key Developments (Source: Significant Developments)

Tidewater Inc declares quarterly dividend on common stock
Thursday, 13 Nov 2014 05:05pm EST 

Tidewater Inc:Declares a quarterly cash dividend of $0.25 per share of common stock.Payable Dec. 15, to shareholders of record on Dec. 5.  Full Article

Tidewater Inc declares quarterly dividend on common stock
Friday, 1 Aug 2014 10:15am EDT 

Tidewater Inc:Declares a quarterly cash dividend of $0.25 per share.Payable Sept. 15, to shareholders of record on Sept. 5.  Full Article

Tidewater declares quarterly dividend on common stock and authorizes new common stock repurchase program
Friday, 16 May 2014 10:23am EDT 

Tidewater Inc:Declared a quarterly cash dividend of $0.25 per share of common stock.Payable June 16, to shareholders of record on June 6.Authorized a new program for the company to spend up to $200 million, effective July 1 and through June 30, to repurchase shares of its common stock in open-market or privately-negotiated transactions.  Full Article

Tidewater Inc declares quarterly dividend on common stock
Thursday, 30 Jan 2014 05:15pm EST 

Tidewater Inc:Says its board of directors declared a quarterly cash dividend of $0.25 per share of common stock payable Mar. 14, to shareholders of record on Mar. 4.  Full Article

Tidewater Inc Declares Quarterly Dividend On Common Stock
Thursday, 14 Nov 2013 03:40pm EST 

Tidewater Inc announced that its Board of Directors declared on November 13, 2013, a quarterly cash dividend of $0.25 per share of common stock payable December 16, 2013, to shareholders of record on December 6, 2013.  Full Article

Tidewater Inc Announces Agreement for New Private Placement Financing
Monday, 30 Sep 2013 05:34pm EDT 

Tidewater Inc announced that it and a group of institutional investors have executed a note purchase agreement in connection with the issuance of $500 million of senior unsecured notes. The note purchase agreement contemplates two closings at which time the Company expects to issue multiple series of notes. The first closing was September 30, 2013 whereby the Company issued $300 million of senior unsecured notes and the second closing is expected on November 15, 2013 when the Company will issue the remaining $200 million of senior unsecured notes. When issued, the notes will have maturities ranging from 7 years to 12 years and have a weighted average life to maturity of approximately 9¾ years. The notes may be retired before their respective scheduled maturity dates subject only to a make-whole provision. The weighted average coupon on the notes is 4.86%. Proceeds from the issuance of the notes will be used to refinance borrowings under the Company`s existing $600 million revolving credit facility, which remains available until June 2018, fund capital expenditures related to the Company`s on-going fleet enhancement program and for general corporate purposes.  Full Article

Tidewater Inc Declares Quarterly Dividend On Common Stock; Authorizes New Common Stock Repurchase Program
Friday, 17 May 2013 08:07am EDT 

Tidewater Inc announced that its Board of Directors declared on May 15, 2013, a quarterly cash dividend of $0.25 per share of common stock payable June 14, 2013, to shareholders of record on June 4, 2013. Tidewater also announced that its Board of Directors has authorized a new program for the Company to spend up to $200 million, effective July 1, 2013 and through June 30, 2014, to repurchase shares of its common stock in open-market or privately-negotiated transactions. The Company would use its available cash and, when considered advantageous, borrowings under its revolving credit facility or other borrowings, to fund any share repurchases. The Company's current repurchase program will continue in effect through June 30, 2013, and, through May 16, 2013, a total of 456,400 of its common shares have been purchased by the Company under this program at a total cost of $20.0 million, or an average price paid per common share of $43.83. As of May 16, 2013, the Company had $180.0 million remaining authorized under the current repurchase program available to repurchase shares through June 30, 2013. The Company will continue to evaluate share repurchase opportunities relative to other investment opportunities and in the context of current conditions in the credit and capital markets.  Full Article

Tidewater Inc's Subsidiary Announces Agreement To Acquire Troms Offshore Supply AS
Tuesday, 14 May 2013 04:59pm EDT 

Tidewater Inc through a wholly-owned subsidiary, has entered into an agreement with HitecVision to purchase Troms Offshore Supply AS (Troms Offshore) for approximately $395 million. The acquisition of Troms Offshore, headquartered in Tromsø, Norway, will expand Tidewater's global footprint into the Norwegian sector of the North Sea and supplement Tidewater`s experience and vessel fleet operating in harsh environments, including cold climates. The Troms Offshore-owned fleet is expected to include five large, modern and technically-advanced deepwater Platform Supply Vessels (PSVs) at closing. In addition, Troms Offshore has one additional deepwater PSV under construction at the VARD Aukra yard in Møre og Romsdal, Norway and an option to build a seventh vessel.  Full Article

Tidewater Inc Declares Quarterly Dividend On Common Stock
Thursday, 7 Feb 2013 02:25pm EST 

Tidewater Inc announced that Board of Directors declared on February 7, 2013, a quarterly cash dividend of $0.25 per share of common stock payable March 15, 2013, to shareholders of record on March 5, 2013.  Full Article

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