---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-078507"
form_type: "8-K"
ticker: "TDW"
cik: "0000098222"
company_name: "TIDEWATER INC"
filed_at: "2023-07-06T23:59:59+00:00"
generated_at: "2026-06-13T12:25:15.908959+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Tidewater closes $580M acquisition of 37 PSVs from Solstad; secures $575M financing

## Summary
- Acquired 37 PSVs and related assets from Solstad Offshore for approx. $580M ($577M base + $3M initial adjustment).
- Funded via $250M 10.375% senior unsecured notes due 2028 and $325M senior secured term loan maturing July 2026.
- Term loan has $100M Tranche A (SOFR+5% to 8%) and $225M Tranche B (SOFR+3.75%); DNB Bank facility agent.
- Acquisition creates the world's largest hybrid OSV fleet with 14 battery hybrid and 2 LNG capable vessels.
- CEO Quintin Kneen says deal strengthens Tidewater's leadership position and brings together world's best OSV fleets.

## SEC filing metadata
- accession: 0001104659-23-078507
- form_type: 8-K
- ticker: TDW
- cik: 0000098222
- company_name: TIDEWATER INC
- filed_at: 2023-07-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/98222/000110465923078507/0001104659-23-078507-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/98222/000110465923078507/tm2320604d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-078507
- JSON: https://secwatch.observer/filing/0001104659-23-078507.json
- Plain text: https://secwatch.observer/filing/0001104659-23-078507.txt

## Key facts
- M&A Transactions
  TIDEWATER INC completed an acquisition involving Solstad Offshore ASA subsidiaries for approximately $580.0 million (closed 2023-07-05).
  - Action: acquisition
  - Counterparty: Solstad Offshore ASA subsidiaries
  - Consideration: approximately $580.0 million
  - Closing: 2023-07-05
  source text: On July 5, 2023, the Tidewater Parties and Sellers completed the Solstad Acquisition in exchange for an aggregate cash purchase price of approximately $580.0 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/98222/000110465923078507/0001104659-23-078507-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.