By Gillian Tan (Bloomberg) -- Stonepeak Infrastructure Partners, a $15 billion firm led by former Blackstone Group LP dealmakers, is seeking to sell barge and terminal operator Tidewater Holdings Inc., according to people familiar with the matter. Tidewater could fetch a price around $500 million, said some of the people, who asked not to be identified because the sale … [Read more...]
Tidewater Appoints New President and CEO
Louisiana-based oil services company Tidewater (NYSE:TDW) has announced the appointment of John T. Rynd as the company's new President and Chief Executive Officer and a member of the Board of Directors effective March 5. The announcement comes after a four-month search for new CEO after its former CEO, Jeffrey Platt, stepped down from the role following the completion of the … [Read more...]
Tidewater CEO Retires After Completing Financial Restructuring
New Orleans-based oil services company Tidewater Inc. (NYSE: TDW) announced today that Jeffrey Platt has decided to retire from his roles as CEO, President, and a director of Tidewater following the completion of the company's financial restructuring in June. Platt's retirement is effective as of October 15, 2017, and the Board of Directors has … [Read more...]
Tidewater Emerges from Chapter 11 Bankruptcy
New Orleans-based oil services company Tidewater Inc. emerged from Chapter 11 bankruptcy on Monday after completing a financial restructuring that eliminated approximately $1.6 billion of debt and will better position the company to weather the extended downturn in the offshore energy industry. "Today marks the completion of a restructuring and recapitalization that allows … [Read more...]
Tidewater Files for Chapter 11 Bankruptcy
New Orleans-based Tidewater Inc. (NYSE: TDW), one of the leading providers of Offshore Service Vessels (OSVs) to the global energy industry, announced Thursday that it and certain of its subsidiaries have filed for Chapter 11 bankruptcy in Delaware as part of a previously announced restructuring support agreement with certain creditors. Tidewater intends to stay in business … [Read more...]