Tidewater is continuing restructuring talks with lenders after the New York-listed offshore vessel owner secured another extensions of waivers of its debt covenant breaches.
The New Orleans company said bank lenders and noteholders have extended waivers until 13 March, from the prior deadline that was to lapse Friday.
A Tidewater executive declined to elaborate on what the length of the extension means for the ongoing talks.
Shares were unmoved by the announcement, holding firm at $1.30
