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Tidewater Midstream and Infrastructure Ltd (TWM.TO)

TWM.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Tidewater Announces Increase To Its Existing Credit Facility And Additional Arrangement At Pipestone Montney Plant
Tuesday, 11 Sep 2018 07:00am EDT 

Sept 11 (Reuters) - Tidewater Midstream and Infrastructure Ltd ::TIDEWATER ANNOUNCES INCREASE TO ITS EXISTING CREDIT FACILITY AND ADDITIONAL ARRANGEMENT AT PIPESTONE MONTNEY PLANT.TOTAL AVAILABILITY UNDER CORPORATION'S CREDIT FACILITY HAS INCREASED FROM $250 MILLION TO $325 MILLION..AMENDED CREDIT FACILITY ALSO EXTENDED MATURITY DATE FROM MARCH 24, 2020 TO AUGUST 23, 2021.TIDEWATER MIDSTREAM AND INFRASTRUCTURE - ACCORDION FEATURE PERMITS CO TO INCREASE SIZE OF ITS CREDIT FACILITY TO AN AGGREGATE OF $350 MILLION FROM $325 MILLION.  Full Article

Tidewater Midstream, Infrastructure Reports Qtrly Adjusted EBITDA OF $0.06 Per Basic Share
Monday, 14 May 2018 07:00am EDT 

May 14 (Reuters) - Tidewater Midstream and Infrastructure Ltd ::TIDEWATER MIDSTREAM AND INFRASTRUCTURE LTD. ANNOUNCES FIRST QUARTER 2018 RESULTS AND OPERATIONAL UPDATE.TIDEWATER MIDSTREAM AND INFRASTRUCTURE LTD - QTRLY ADJUSTED EBITDA OF $0.06 PER BASIC SHARE.  Full Article

Tidewater Announces Definitive Agreement With TransAlta
Thursday, 22 Mar 2018 07:00am EDT 

March 22 (Reuters) - Transalta Corp ::TIDEWATER ANNOUNCES DEFINITIVE AGREEMENT WITH TRANSALTA, QUARTERLY DIVIDEND, PROVIDES OPERATIONS UPDATE.TIDEWATER MIDSTREAM AND INFRASTRUCTURE LTD - REITERATES GUIDANCE OF CURRENT RUN RATE ANNUALIZED EBITDA OF $80 MILLION.TIDEWATER - CO, TRANSALTA AGREED IN DEVELOPMENT AGREEMENT TO NEGOTIATE IN GOOD FAITH, EXECUTE REMAINING DEFINITIVE AGREEMENTS OVER 2018 TIMEFRAME.TIDEWATER - ENTERED 5-YEAR, 17.2 NET BCF VOL COMMITMENT WITH INVESTMENT GRADE COUNTERPARTY TO PROCESS RAW GAS VOL OF ABOUT 15 MMCF/D.  Full Article

Tidewater Midstream And Infrastructure Ltd Announces 6.75 Pct Senior Unsecured Note Offering
Thursday, 14 Dec 2017 07:00am EST 

Dec 14 (Reuters) - Tidewater Midstream And Infrastructure Ltd ::TIDEWATER MIDSTREAM AND INFRASTRUCTURE LTD. ANNOUNCES 6.75% SENIOR UNSECURED NOTE OFFERING AND AMENDMENT TO CREDIT FACILITY.TIDEWATER MIDSTREAM AND INFRASTRUCTURE - HAS AGREED TO ISSUE $125 MILLION OF 6.75% SENIOR UNSECURED NOTES DUE DEC 19, 2022,BY WAY OF PRIVATE PLACEMENT.TIDEWATER MIDSTREAM AND INFRASTRUCTURE LTD - ‍TIDEWATER HAS AMENDED ITS EXISTING CREDIT FACILITY TO ALLOW FOR PRIVATE PLACEMENT​.TIDEWATER MIDSTREAM AND INFRASTRUCTURE - TO USE NET PROCEEDS FOR NON-PERMANENT REPAYMENT OF INDEBTEDNESS UNDER CO'S EXISTING CREDIT FACILITY.  Full Article

Tidewater Midstream And Infrastructure Enters Into Agreement With Transalta
Wednesday, 6 Dec 2017 06:00am EST 

Dec 6 (Reuters) - Tidewater Midstream And Infrastructure Ltd ::TIDEWATER MIDSTREAM AND INFRASTRUCTURE LTD. ENTERS INTO AGREEMENT WITH TRANSALTA TO CONSTRUCT AN INTER-ALBERTA PIPELINE NETWORK SUPPORTED BY A 15 YEAR TAKE OR PAY, PROPOSED ISSUANCE OF SENIOR UNSECURED NOTES, ESCROW CLOSE OF DEEP BASIN AND MONTNEY REGION ACQUISITION AND CLOSING OF CREDIT FACILITY INCREASE.TIDEWATER MIDSTREAM AND INFRASTRUCTURE LTD - ‍TIDEWATER INTENDS TO ISSUE A PROPOSED PRIVATE PLACEMENT OF SENIOR UNSECURED NOTES​.TIDEWATER MIDSTREAM - ‍TIDEWATER TO USE NET PROCEEDS FOR ON-PERMANENT REPAYMENT OF INDEBTEDNESS UNDER TIDEWATER'S EXISTING CREDIT FACILITY​.TIDEWATER MIDSTREAM AND INFRASTRUCTURE-PIPELINE IS EXPECTED TO COST ABOUT $150 MILLION AND IS SUPPORTED BY A 15 YEAR TAKE OR PAY AGREEMENT WITH TRANSALTA.TIDEWATER MIDSTREAM AND INFRASTRUCTURE LTD - PIPELINE WILL PROVIDE INITIAL CAPACITY OF 130 MMCF/D BY 2020, AND HAVE EXPANSION CAPABILITY TO 340 MMCF/D.TIDEWATER MIDSTREAM AND INFRASTRUCTURE LTD - UNDER LOI, TRANSALTA HAS OPTION TO INVEST UP TO 50% IN PIPELINE..  Full Article

Tidewater Midstream and Infrastructure reports qtrly loss per share C$0.00‍​
Tuesday, 14 Nov 2017 07:00am EST 

Nov 14 (Reuters) - Tidewater Midstream And Infrastructure Ltd :Tidewater Midstream and Infrastructure Ltd announces third quarter 2017 results and operational update.Tidewater Midstream and Infrastructure Ltd - qtrly total revenues C‍$53 million versus C$27 million​.Tidewater Midstream and Infrastructure Ltd - qtrly loss per share C$0.00‍​.Tidewater Midstream and Infrastructure Ltd- ‍remains on-time and on-budget on previously announced 2017 capital program​.Tidewater - ‍capital costs for Pipestone Montney Sour gas plant expected to be about $210 million with expected in service date of mid-2019​.Tidewater Midstream and Infrastructure Ltd - ‍plans to exit 2017 with annualized run-rate adjusted EBITDA of approximately $80 million​.Tidewater Midstream and Infrastructure Ltd - ‍focused on delivering approximately 20% annualized EBITDA per share growth over next 24 months​.Tidewater Midstream and Infrastructure Ltd - ‍"Q3 saw continued volatility in AECO gas price, restrictions on TransCanada pipelines Canadian mainline​".  Full Article

Tidewater Midstream and infrastructure raises credit facility and provides operational update
Monday, 23 Oct 2017 07:00am EDT 

Oct 23 (Reuters) - Tidewater Midstream And Infrastructure Ltd ::Tidewater Midstream And Infrastructure Ltd. increases credit facility and provides operational update.Tidewater Midstream And Infrastructure - ‍ obtained conditional approval from banking syndicate to increase credit facility from $180 million to $250 million​.Tidewater Midstream And Infrastructure - ‍ right of first refusals been exercised by third party on previously announced $20 million wapiti pipeline deal.Tidewater Midstream And Infrastructure - co is revising its 2017 exit net debt guidance of $120 million down to $110 million​.  Full Article

Tidewater Midstream and Infrastructure Ltd extends and increases take-or-pay processing agreement at Brazeau River complex
Wednesday, 6 Sep 2017 05:00pm EDT 

Sept 6 (Reuters) - Tidewater Midstream and Infrastructure Ltd :Tidewater Midstream and Infrastructure Ltd extends and increases take-or-pay processing agreement at Brazeau River complex.Tidewater Midstream and Infrastructure Ltd - ‍has extended term of a take-or-pay processing agreement by an additional two years to December 2020​.Tidewater Midstream and Infrastructure Ltd - ‍plans to exit 2017 with an estimated annualized run rate of $80 million of adjusted EBITDA​.Tidewater Midstream and Infrastructure Ltd - ‍increased volume commitment by about 10 MMCF/d to 30 MMCF/d with provision to deliver volumes up to 45 MMCF/d​.Tidewater Midstream and Infrastructure Ltd- engaged in discussions, received support from credit facility syndicate to increase current credit facility​.Tidewater Midstream and Infrastructure Ltd- ‍reactivated proven natural gas storage reservoir at Brazeau and expects to commence injections in next 60 days​.  Full Article

Tidewater Midstream And Infrastructure announces strategic acquisitions within Deep Basin and Montney regions
Tuesday, 15 Aug 2017 06:30pm EDT 

Aug 15 (Reuters) - Tidewater Midstream And Infrastructure Ltd TWM.V:Tidewater Midstream And Infrastructure announces strategic acquisitions within Deep Basin and Montney regions.Tidewater Midstream And Infrastructure Ltd - ‍deal for $51 million​.Tidewater Midstream And Infrastructure Ltd - ‍acquisitions will be funded using available room on Tidewater's existing credit facility​.Tidewater Midstream And Infrastructure Ltd - acquisitions are supported by a ten-year reserve dedication and a $12 million capital commitment.Tidewater Midstream And Infrastructure Ltd - ‍forecasted 2018 EBITDA for acquisitions is approximately $10 million​.Tidewater Midstream And Infrastructure - following close of Deep Basin and Montney deal, co intends to market upstream assets through public sales process​.  Full Article

Tidewater Midstream and Infrastructure posts Q2 earnings c$0.01/shr
Thursday, 10 Aug 2017 07:30am EDT 

Aug 10 (Reuters) - Tidewater Midstream And Infrastructure Ltd TWM.V:Tidewater Midstream and Infrastructure Ltd announces second quarter 2017 results and operational update.Q2 earnings per share c$0.01.Tidewater Midstream and Infrastructure Ltd - ‍plans to exit 2017 with run-rate adjusted EBITDA of approximately $70 million​.Tidewater Midstream and Infrastructure Ltd - ‍"focused on delivering approximately 20 pct EBITDA per share growth over next twelve months​".Tidewater Midstream and Infrastructure Ltd - ‍overall 2017 ebitda remains in-line with management's expectations​.  Full Article