While the offshore contractor is trying to refinance debt and offload assets to shore up its balance sheet it’s unclear if these efforts are bearing fruit.
Earlier this month Cal Dive raised eyebrows when it opted not to make a $2.2m interest payment on convertible notes that mature in 2017.
“The company believes it is in the best interests of its debt and equity holders to continue to focus on actively addressing the company’s debt and capital structure and intends during the 30-day grace period to continue discussions with its debt providers,” it said.
The
