Trico Marine Announces Its Recently Filed Registration Statement On Form S-3 Declared Effective by SEC
Trico Marine Services, Inc. (NasdaqGM:TRMA) (the “Company” or “Trico Marine”) announced that the Company’s registration statement on Form S-3 (SEC File No. 333-151666), relating to (i) Trico’s previously issued $300 million aggregate principal amount of 6.50% Senior Convertible Debentures due 2028 (the “convertible debentures”), (ii) up to 7,422,069 shares of Trico Marine Common Stock issuable upon conversion of the convertible debentures, and (iii) 1,352,558 shares of Trico Common Stock issuable upon conversion of certain phantom stock units previously issued to West Supply IV AS in connection with the acquisition by Trico Shipping AS of certain shares of DeepOcean ASA from West Supply IV, has been declared effective by the Securities and Exchange Commission as of July 3, 2008.
About Trico Marine
Trico Marine is an integrated provider of subsea and marine support vessels and services. Trico Marine recently increased its subsea market presence through its acquisition of DeepOcean, a recognized market leader in the provision of high quality subsea services including, IMR, survey and construction support, subsea intervention and decommissioning, marine trenching and the laying and burying of subsea cable. DeepOcean controls a well equipped fleet of 14 vessels and operates a fleet of modern ROVs and trenching equipment. Trico Marine also continues to provide a broad range of marine support services to the oil and gas industry through use of its diversified fleet of vessels including the transportation of drilling materials, supplies and crews to drilling rigs and other offshore facilities; towing drilling rigs and equipment, and support for the construction, installation, repair and maintenance of offshore facilities. Trico Marine is headquartered in Houston, Texas and has a global presence with operations in the North Sea, West Africa, Mexico, Brazil and Southeast Asia as well as the Gulf of Mexico.
For more information about Trico Marine Services, Inc. visit us on the web at http://www.tricomarine.com.
Trico Marine Services, Inc. Geoff Jones, VP & Chief Financial Officer
Source: Trico Marine Services, Inc.