HOUSTON An elderly woman and her son were killed in a house fire early Tuesday morning in southwest Houston, according to the Houston Fire Department. Flames broke out around 4 a.m. at a home in the 4800 block of Tidewater in southwest Houston. Burglar bars and several items in the home made it hard for firefighters to battle the flames, officials said. Firefighters said they eventually find the mother by the front door and the son was later found inside the home. The mother and son were identified by a neighbor as Ella and Cliff.

Yesterday afternoon, Tidewater, the industry's largest offshore supply vessel (OSV) company, announced that it drew down its revolver. We are in compliance with all financial covenants and other terms of the revolving credit facility and our note indentures." As a result, Tidewater signaled in yesterday's press release that a covenant breach could be coming before calendar year end. This would be a default under the company's debt facilities, and the revolver drawdown could give Tidewater some negotiating leverage to resolve the default without business interruption. Tidewater has already begun the negotiation, initiating dialog with its lenders to try and get covenant waivers and amendments ahead of the breach.