Cal Dive Amends Credit Facility

Cal Dive International, Inc. (NYSE: DVR) announced today that an amendment to its credit facility, which matures in April 2016, has been approved. In connection with the amendment, the primary financial covenants included in the credit facility will be amended, and the size of the revolving credit facility will be reduced from $300 million to $150 million. The Company had outstanding borrowings of $34 million under the revolving facility as of June 30, 2011. Neither the $150 million term loan portion of the credit facility, nor the scheduled quarterly principal payments on the term loan will be affected by the amendment.