Last $0.27 USD
Change Today -0.0067 / -2.45%
Volume 783.7K
DVR On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 10/20/14 All times are local (Market data is delayed by at least 15 minutes).

cal dive international inc (DVR) Snapshot

Open
$0.26
Previous Close
$0.27
Day High
$0.28
Day Low
$0.26
52 Week High
10/21/13 - $2.10
52 Week Low
10/16/14 - $0.23
Market Cap
26.4M
Average Volume 10 Days
989.7K
EPS TTM
$-0.51
Shares Outstanding
98.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CAL DIVE INTERNATIONAL INC (DVR)

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cal dive international inc (DVR) Details

Cal Dive International Inc., a marine contractor, provides manned diving, pipe laying, and pipe-burial services to the offshore oil and natural gas industry. The company offers saturation, surface, and mixed gas diving services. Cal Dive also provides such diving-support services as construction, inspection, maintenance, repair, and decommissioning of offshore production and pipeline infrastructure on the Gulf of Mexico Outer Continental Shelf as well as in international offshore markets, including the Mideast, southeast Asia, and Australia. Its customers include oil and natural gas producers, pipeline transmission companies, and offshore engineering and construction outfits. As of Dec. 31, 2006, Cal Dive owned and operated a fleet of 26 vessels, including 23 surface and saturation diving support vessels as well as three shallow water pipe-laying vessels. The company, which was founded in 1975, is based in Houston.

1,550 Employees
Last Reported Date: 03/11/14
Founded in 1975

cal dive international inc (DVR) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $541.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $325.0K
Chief Administrative Officer, Executive Vice ...
Total Annual Compensation: $325.0K
Compensation as of Fiscal Year 2013.

cal dive international inc (DVR) Key Developments

Cal Dive International Inc Announces Update on Revolving Credit Facility Refinancing

Cal Dive International Inc. announced that it is continuing to work with several financial institutions towards a refinancing of the Company's first lien revolving credit facility in an amount up to its previous capacity of $125.0 million, and expects the refinancing to be completed by the end of this week. The Company is also working with its existing second lien facility lenders on an amendment to that facility that will be entered into at the same time as the refinancing is closed. Although the refinancing was not finalized by the September 30, 2014 deadline required by the terms of waivers previously granted by the Company's existing first lien revolving credit facility lenders and second lien facility lenders, those lenders are working cooperatively with the Company to allow extra time needed to complete the refinancing.

Cal Dive International Receives Continued Listing Standards Notice From New York Stock Exchange

On September 8, 2014, Cal Dive International, Inc. received notice from the New York Stock Exchange that it does not currently satisfy the minimum share price standard for continued listing of the Company's common stock. Specifically, on August 27, 2014, the 30-trading-day average closing price per share of the Company's common stock was below $1.00, the minimum average share price required for continued listing under NYSE rules. As required by NYSE rules, the Company will notify the NYSE by September 22, 2014 of its intent to cure the share price deficiency and to return to compliance with this continued listing standard. Under NYSE rules, the Company has six months to regain compliance with this continued listing standard and avoid delisting, subject to possible extension through the date of the Company's next annual meeting of stockholders, should stockholder approval be required to effect a strategy to cure the share price deficiency. In particular, each of the ending and 30-trading-day average share prices of the Company's common stock must equal or exceed $1.00 by March 8, 2015 (unless extended) or on the last trading day of any month prior to that date. The Company is considering its available options to regain compliance and is pursuing various strategies to satisfy the continued listing standard, including restoring investor confidence by executing on its previously-announced plan to refinance its senior secured revolving credit facility, which it expects to complete by September 30, 2014. In addition, the Company continues to develop and complete ongoing restructuring initiatives to improve operations and reduce costs. The Company's common stock continues to be listed and to trade on the NYSE, subject to the Company's compliance with other NYSE continued listing requirements. The NYSE notification does not affect the Company's business operations or its Securities and Exchange Commission reporting requirements. The Company's receipt of this notification did not trigger a fundamental change with respect to the Company's 5.0% convertible senior notes due 2017, or otherwise affect any of the Company's existing contractual or debt obligations.

Cal Dive International, Inc. Announces Refinancing of Revolving Credit Agreement

Cal Dive International Inc. announced that it has executed commitment letters with three financial institutions providing for a $125 million senior secured credit facility that may consist of both a term facility and revolving facility to refinance the company's existing revolving credit facility and provide additional liquidity to the company. The commitment letters are subject to customary closing conditions. The company was required to provide executed commitment letters acceptable to its existing revolving lenders for the refinancing of its revolving credit facility by August 27, 2014, or waivers with respect to the company's loan agreements would have expired on September 2, 2014. The revolving lenders have confirmed that the commitment letters obtained by the company are acceptable and the waiver period will not expire until September 30, 2014. The company expects to complete the refinancing of the revolving credit facility in advance of the expiration of the waivers. Upon completion of the refinancing and related amendments to the financial covenants under its loan agreements, the company expects that all of its indebtedness will be reclassified to long-term debt on its balance sheet.

 

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DVR

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Valuation DVR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.0x
Price/Book 0.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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