Tidewater prices $650M of 9.125% senior notes due 2030, to refinance existing debt

TIDEWATER INC

Offering of $650M unsecured senior notes at 9.125%, maturing July 15, 2030; priced at par.
Settlement expected July 7, 2025, subject to customary closing conditions.
Net proceeds plus cash will repay senior secured term loan and redeem 2026 Bonds (8.50%) and 2028 Bonds (10.375%).
Notes guaranteed on a senior unsecured basis by certain U.S. subsidiaries.

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