Cal Dive International (CDVI) 0.0390 $CDVI
Slowdown in Oil Production Another Hit To Cal Dive, as Potential Chapter 11 Looms: Cal Dive International Analyst Report Issued by BrokerBank Securities, Inc.
PR Newswire - Tue Feb 03, 6:00AM CST
Cal Dive International, Inc., (OTCBB: CDVI) is based out of Houston, Texas, operating in the oil and gas field services is a marine contractor. Primarily focused on providing offshore oil and natural gas services including manned diving, pipelay and pipe burial, platform installation and salvage, and light well intervention services. The Company operates internationally providing its services in the Gulf of Mexico to China.
Cal Dive International Investor Update Issued by BrokerBank Securities, Inc.
PR Newswire - Tue Jan 20, 6:00AM CST
Cal Dive International, Inc. (OTCMRKTS: CDVI) is a marine contractor that provides manned diving, pipelay and pipe burial, platform installation and platform salvage services to a diverse customer base in the offshore oil and natural gas industry. CDI offers its customers services on an integrated basis for complex offshore projects. Its global footprint encompasses operations on the Gulf of Mexico, Outer Continental Shelf (OCS), the North-eastern United States, Latin America, Southeast Asia, China, Australia, the Middle East and the Mediterranean. As of December 31, 2011, the Company owned a fleet of 29 vessels, including 19 surface and saturation diving support vessels, six pipelay/pipebury barges, one dedicated pipebury barge, one combination derrick/pipelay barge and two derrick barges. In June 2014, Cal Dive International Inc. sold its United States Gulf of Mexico shallow water surface diving fleet to privately held company.
Cal Dive Announces Decision Not to Make Interest Payment
BusinessWire - Thu Jan 15, 8:25PM CST
Cal Dive International, Inc. (OTC:CDVI) (the "Company"
announced today that it has decided not to pay approximately $2.2 million in interest due January 15, 2015 on its 5.00% convertible senior notes due 2017 (the "Notes". Under the terms of the indenture governing the Notes, the Company has a 30-day grace period during which it may elect to make the interest payment without being in default for non-payment.
Cal Dive Provides Update on Efforts to Refinance its Revolving Credit Facility
BusinessWire - Mon Dec 01, 5:24PM CST
Cal Dive International, Inc. (OTC: CDVI) (the "Company" announced today that it is continuing to work with potential capital providers to refinance its first lien credit agreement. As previously disclosed, the Company executed an amendment to its first lien credit agreement, which maintained the size of the revolving credit facility at $100.0 million, and waived the Company's non-compliance with certain financial covenants and payment obligations under the Credit Agreement, as well as the cross defaults resulting from similar defaults under the Company's second lien credit facility, through December 1, 2014. As amended, the revolving credit facility capacity will step-down from $100.0 million to $90.0 million on December 2, 2014, and the Company will be in payment default under the first lien credit agreement upon such step-down.
Cal Dive Reports Third Quarter 2014 Results
BusinessWire - Wed Nov 05, 7:02PM CST
Cal Dive International, Inc. (OTC Pink: CDVI) (the "Company" reported a third quarter 2014 loss of $42.6 million, or $0.45 per diluted share, on revenues of $114.6 million. The results for the third quarter 2014 include a $22.6 million after-tax non-cash fixed asset impairment charge and $1.7 million in after-tax costs related to the Company's refinancing and strategic efforts in the third quarter. This compares to a loss of $16.8 million, or $0.18 per diluted share, on revenues of $155.2 million for the third quarter 2013. The results for the third quarter 2013 include a $13.0 million after-tax non-cash fixed asset impairment charge.
Cal Dive Announces Execution of Amendment No. 9 to Revolving Credit Facility and Delisting from the NYSE
BusinessWire - Mon Nov 03, 7:23AM CST
Cal Dive International, Inc. (OTC: CDVI) (the "Company" announced today that it has entered into a Limited Waiver, Agreement and Amendment No. 9 to its first lien credit agreement which maintains the size of the revolving credit facility at $100.0 million through December 1, 2014, and waives the Company's non-compliance with certain financial covenants and payment obligations under the Credit Agreement, as well as the cross defaults resulting from similar defaults under the Company's second lien credit facility, through December 1, 2014. As amended, the revolving credit facility capacity will step-down from $100.0 million to $90.0 million on December 2, 2014. The Company also continues to work cooperatively with the lenders under its second lien credit facility and its convertible notes, as well as its suppliers and vendors.
Slowdown in Oil Production Another Hit To Cal Dive, as Potential Chapter 11 Looms: Cal Dive International Analyst Report Issued by BrokerBank Securities, Inc.
PR Newswire - Tue Feb 03, 6:00AM CST
Cal Dive International, Inc., (OTCBB: CDVI) is based out of Houston, Texas, operating in the oil and gas field services is a marine contractor. Primarily focused on providing offshore oil and natural gas services including manned diving, pipelay and pipe burial, platform installation and salvage, and light well intervention services. The Company operates internationally providing its services in the Gulf of Mexico to China.
Cal Dive International Investor Update Issued by BrokerBank Securities, Inc.
PR Newswire - Tue Jan 20, 6:00AM CST
Cal Dive International, Inc. (OTCMRKTS: CDVI) is a marine contractor that provides manned diving, pipelay and pipe burial, platform installation and platform salvage services to a diverse customer base in the offshore oil and natural gas industry. CDI offers its customers services on an integrated basis for complex offshore projects. Its global footprint encompasses operations on the Gulf of Mexico, Outer Continental Shelf (OCS), the North-eastern United States, Latin America, Southeast Asia, China, Australia, the Middle East and the Mediterranean. As of December 31, 2011, the Company owned a fleet of 29 vessels, including 19 surface and saturation diving support vessels, six pipelay/pipebury barges, one dedicated pipebury barge, one combination derrick/pipelay barge and two derrick barges. In June 2014, Cal Dive International Inc. sold its United States Gulf of Mexico shallow water surface diving fleet to privately held company.
Cal Dive Announces Decision Not to Make Interest Payment
BusinessWire - Thu Jan 15, 8:25PM CST
Cal Dive International, Inc. (OTC:CDVI) (the "Company"
announced today that it has decided not to pay approximately $2.2 million in interest due January 15, 2015 on its 5.00% convertible senior notes due 2017 (the "Notes". Under the terms of the indenture governing the Notes, the Company has a 30-day grace period during which it may elect to make the interest payment without being in default for non-payment. Cal Dive Provides Update on Efforts to Refinance its Revolving Credit Facility
BusinessWire - Mon Dec 01, 5:24PM CST
Cal Dive International, Inc. (OTC: CDVI) (the "Company"
announced today that it is continuing to work with potential capital providers to refinance its first lien credit agreement. As previously disclosed, the Company executed an amendment to its first lien credit agreement, which maintained the size of the revolving credit facility at $100.0 million, and waived the Company's non-compliance with certain financial covenants and payment obligations under the Credit Agreement, as well as the cross defaults resulting from similar defaults under the Company's second lien credit facility, through December 1, 2014. As amended, the revolving credit facility capacity will step-down from $100.0 million to $90.0 million on December 2, 2014, and the Company will be in payment default under the first lien credit agreement upon such step-down. Cal Dive Reports Third Quarter 2014 Results
BusinessWire - Wed Nov 05, 7:02PM CST
Cal Dive International, Inc. (OTC Pink: CDVI) (the "Company"
reported a third quarter 2014 loss of $42.6 million, or $0.45 per diluted share, on revenues of $114.6 million. The results for the third quarter 2014 include a $22.6 million after-tax non-cash fixed asset impairment charge and $1.7 million in after-tax costs related to the Company's refinancing and strategic efforts in the third quarter. This compares to a loss of $16.8 million, or $0.18 per diluted share, on revenues of $155.2 million for the third quarter 2013. The results for the third quarter 2013 include a $13.0 million after-tax non-cash fixed asset impairment charge. Cal Dive Announces Execution of Amendment No. 9 to Revolving Credit Facility and Delisting from the NYSE
BusinessWire - Mon Nov 03, 7:23AM CST
Cal Dive International, Inc. (OTC: CDVI) (the "Company"
announced today that it has entered into a Limited Waiver, Agreement and Amendment No. 9 to its first lien credit agreement which maintains the size of the revolving credit facility at $100.0 million through December 1, 2014, and waives the Company's non-compliance with certain financial covenants and payment obligations under the Credit Agreement, as well as the cross defaults resulting from similar defaults under the Company's second lien credit facility, through December 1, 2014. As amended, the revolving credit facility capacity will step-down from $100.0 million to $90.0 million on December 2, 2014. The Company also continues to work cooperatively with the lenders under its second lien credit facility and its convertible notes, as well as its suppliers and vendors. 
