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Cal Dive International Pitches Convertible Senior Notes

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Business Wire
July 12, 2012

Cal Dive International, Inc. (DVR) announced its intention to offer, subject to market and other conditions, $75 million aggregate principal amount of its convertible senior notes due 2017 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. Cal Dive plans to grant the initial purchasers an option to purchase up to an additional $11.25 million aggregate principal amount of notes, solely to cover over-allotments.

Pursuant to the terms of its senior secured credit agreement, Cal Dive expects to use ...


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