Cal Dive International Inc. - 2012-07-19

Cal Dive International announced the closing of its previously announced private offering of its 5.00% convertible senior notes due 2017. The net proceeds from the offering were approximately $83.0 million after deducting the initial purchasers’ discounts and commissions and estimated transaction expenses. Cal Dive will use the net proceeds from the notes offering to repay a portion of the term loan under its senior secured credit facility.