Tidewater Inc. - 2010-09-10

Executed a note purchase agreement for $425 million of senior unsecured notes, contemplating closings on Oct. 15 and Dec. 30, when the company expects to issue a multiple series of notes totaling $310 million and $115 million, respectively. Proceeds will be used to finance borrowings under $450 million revolving credit facility, which remains available until May 2012, to fund capital expenditures related to the company's on-going fleet enhancement program and for general corporate purposes.