debt
confidence high
sentiment neutral
materiality 0.60
Tidewater calls bondholders meeting to amend terms of 10.375% senior notes due 2028
TIDEWATER INC
- Tidewater instructs trustee to hold bondholders' meeting on Sept 30, 2024 to consider bond amendments.
- Bonds are 10.375% senior unsecured notes due 2028 (ISIN NO0012952227).
- Amendments aim to establish more flexible debt capital structure, as discussed in Q2 2024 earnings call.
- Company warns no assurance of success in obtaining consents from bondholders.