RE:RE:RE:Must say I'm disappointed with this onei too am a bit disappointed on this BOUGHT DEAL..seems to me there may have been some debt refinancing terms issues...too many covenants??? MEANwhile, the clock was ticking..see below:
"announces a financing plan to fully fund the repayment of its $125 million senior unsecured notes due December 19, 2022 (the “Senior Unsecured Notes”) and $20 million second lien term loan (the “Second Lien Term)"
Also, company did say that their gas plant is MAXED OUT making the go head on expansion all but certain...going to need $$$...shortly..companies explanation-SEE BELOW:
“These transactions simplify Tidewater’s balance sheet and enhance liquidity to provide a durable financial base for our business. Our strong business performance is driving financial results that have us at the lower end of our leverage targets and in a strong position to progress our growth initiatives,” comments Tidewater’s Chairman and CEO, Joel Macleod."
I must say, i'm getting concerned on the share counts - i suspect maybe a 1-10 or some order CONSOLIDATION down the road to be a serious player...remember alot of institutions CANNOT buy shares under $10 or $5 depending on theit credo..ELSE, MORE OF A TAKE-OVER to a larger infrastructure player..accreatative, green leaning ( re-newables holdings with their carbon credits etc) ..meanwhile i get a div..staying put for now...dwdc