Cal Dive International Inc filed an asset purchase agreement in the US Bankruptcy Court for the sale of its certain assets on August 18, 2015. The debtor seeks the Court's approval for the sale of certain assets to Holmen Engineering Ltd, the successful bidder, for a purchase price of $8.8 million in cash pursuant to the asset purchase agreement dated August 11, 2015. The debtor's asset includes a vessel, Sea Horizon, IMO No.: 8759114 and Official No.: 1340.

The buyer made a deposit of $0.8 million. The sale hearing is scheduled for August 20, 2015. The transaction is expected to close on September 15, 2015.

Derrick Offshore Ltd. acted as the debtor's broker.