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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) March 16, 1994
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TIDEWATER, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 1-6311 72-0487776
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(State or Other (Commission (I.R.S. Employer
Jurisdiction of File Number) Identification
Incorporation) Number)
1440 Canal Street, Suite 2100, New Orleans, Louisiana 70112
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (504) 568-1010
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NOT APPLICABLE
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Former name, former address and former fiscal year, if changed since last
report.
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ITEM 5. OTHER EVENTS.
On March 16, 1994, the Company announced that it had called for redemption
on April 18, 1994 all of the Company's outstanding 7% Convertible Subordinated
Debentures due 2010 ("Debentures"). The Debentures carry an aggregate face
value of approximately $47.2 million. The debentures will be redeemed for
$1,014 for each $1,000 principal amount plus accrued interest. Until the close
of business on April 18, 1994, holders may convert the Debentures into the
Company's common stock, par value $0.10, at a conversion price of $25 per
share. As a result of the redemption of the Debentures and assuming no
conversions of the Debentures into common stock, the Company will take
approximately $7.7 million, or $.14 per shares, as an extraordinary charge to
earnings in its fiscal fourth quarter ending March 31, 1994.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
TIDEWATER INC.
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(Registrant)
Date: March 17, 1994 /s/ VICTOR I. KOOCK
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Victor I. Koock
Senior Vice President, Secretary, and
Co-General Counsel
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