Holders of Tidewater bonds have one more day to consider selling back their debt to the John Rynd-led company.

The New York-listed owner extended the expiration of a cash tender offer to buy back secured notes to Monday due to 24 December closing of the SEC and other federal agencies.

The 12 December offer to purchase up to $25.4m of its 8% senior secured notes due 2022 was initially set to expire today at 5pm eastern US time.