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Trico Marine Services Announces Public Offering Of Common Stock

HOUSTON, Nov. 21 /PRNewswire/ -- Trico Marine Services, Inc. (Nasdaq: TMAR) today announced completion of a public offering of 2,760,000 shares of common stock at a price of $39.00 per share. Of the shares offered, 850,000 were offered by the Company and 1,910,000 were offered by certain selling stockholders. The offering is being lead-managed by Schroder Wertheim & Co. Incorporated, with Raymond James & Associates, Inc. and Simmons & Company International as co-managers.

Net proceeds to the Company from the offering will be used to repay indebtedness incurred to fund several recent acquisitions of supply vessels located in the Gulf of Mexico.

Trico Marine provides a broad range of marine support services to the oil and gas industry, primarily in the Gulf of Mexico and Brazil. The services provided by the Company's diversified fleet of vessels include the marine transportation of drilling materials, supplies and crews, and support for the construction, installation, maintenance and removal of offshore facilities. Trico has principal offices in Houma, Louisiana, and Houston, Texas.

A copy of the prospectus related to the offering may be obtained from Schroder Wertheim & Co. Incorporated, 787 Seventh Avenue, New York, NY 10019, Raymond James & Associates, Inc., 880 Carillon Parkway, St.Petersburg, FL 33716 or Simmons & Company International, 700 Louisiana Street, Suite 5000, Houston, TX 77002.

SOURCE Trico Marine Services, Inc.
 -0- 11/21/96


/CONTACT: Victor M. Perez of Trico Marine Services, Inc., 713-780-9926/

(TMAR)

CO: Trico Marine Services, Inc. ST: Texas IN: OIL SU: OFR

KM -- NYTH137 -- 5624 11/21/96 17:23 EST http://www.prnewswire.com
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Publication:PR Newswire
Date:Nov 21, 1996
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