NEW ORLEANS, Sept. 29, 2017 /PRNewswire/ -- Tidewater
Inc. (NYSE: TDW) ("Tidewater" or the "Company") announced today
that the Company has notified the New York Stock Exchange (the
"NYSE") of its intent to list its Series A Warrants and Series B
Warrants with CUSIP numbers 88642R 117 and 88642R 125,
respectively, on the NYSE. The Series A Warrants will have the
ticker symbol "TDW WS.A" and the Series B Warrants will have the
ticker symbol "TDW WS.B". Trading is expected to commence on
October 5, 2017, subject to
compliance at that time with applicable NYSE listing standards.
As previously disclosed, the Series A Warrants and Series B
Warrants were issued to holders of Tidewater's pre-emergence common
stock upon the Company's emergence from chapter 11 reorganization
in accordance with the Company's Second Amended Joint Prepackaged
Chapter 11 Plan of Reorganization.
The Series A Warrants have an exercise price of $57.06 per share, subject to adjustment as
provided in the terms of the Series A Warrant, and the Series B
Warrants have an exercise price of $62.28 per share, subject to adjustment as
provided in the terms of the Series B Warrant. Additional
information on the terms of the Series A Warrants and Series B
Warrants can be found in the Company's Registration Statement on
Form 8-A filed with the Securities and Exchange Commission on
August 1, 2017.
Tidewater is the leading provider of Offshore Service Vessels
(OSVs) to the global energy industry.
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SOURCE Tidewater Inc.