TIDEWATER INC (TDW) Form 8-K — Aug 31, 2026
$TDWForm 8-KItems 1.01, 2.01, 2.03, 7.01, 9.01Filed Aug 31, 2026, 5:23 PM ET0001104659-26-103962Original filing
Tidewater completed its acquisition of Wilson, Sons Ultratug Participações S.A. and Atlantic Offshore Services S.A. on August 31, 2026, in exchange for an aggregate purchase price of USD $500 million on a debt-free, cash-free basis. The transaction adds a fleet of 22 platform supply vessels and deepens Tidewater's presence in the Brazilian offshore market.
Key figures
- Debt Amount
- 229300000
- Deal Value Usd
- 500000000
- Bb loan maturity
- December 18, 2030
- Retention amount
- $5.0 million (plus 4.5% interest)
- Vessels acquired
- 22
- Spa break payment
- $7.5 million
- Replacement lc cap
- $170,458,000
- Cash paid at closing
- $283.1 million
- Bb loan interest rate
- 3.10% per annum
- Working capital target
- $30.1 million
- Replacement lc provider
- DNB Bank ASA
- Assumed debt provided by
- BNDES and Banco do Brasil
- Minimum liquidity covenant
- 1.25x total outstanding Replacement LCs
- Bb loan monthly amortization
- $0.4 million
- Bb loan outstanding principal
- $22.5 million
- Guarantee replacement deadline
- December 31, 2026
Price after filing
1 day: +3.2%7 days: +1.2%30 days: -12.9%
Close on the filing date to close N calendar days later (from $93.12). Historical, not a forecast.
AI analysis
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