---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-066169"
form_type: "8-K"
ticker: "TDW"
cik: "0000098222"
company_name: "TIDEWATER INC"
filed_at: "2025-07-07T23:59:59+00:00"
generated_at: "2026-05-18T09:24:23.154842+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Tidewater closes $650M note offering, $250M revolver, appoints new COO

## Summary
- Issued $650M of 9.125% senior unsecured notes due 2030; proceeds used to redeem 2026 and 2028 bonds and repay term loan.
- Entered into $250M senior secured revolving credit facility, replacing the $25M existing facility; backed by vessel assets.
- Appointed Piers Middleton as EVP and COO effective July 1, 2025; previously EVP and Chief Commercial Officer.
- Redeemed all outstanding 8.50% senior secured bonds due 2026 and 10.375% senior unsecured bonds due 2028.

## SEC filing metadata
- accession: 0001104659-25-066169
- form_type: 8-K
- ticker: TDW
- cik: 0000098222
- company_name: TIDEWATER INC
- filed_at: 2025-07-07T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/98222/000110465925066169/0001104659-25-066169-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/98222/000110465925066169/tm2519982d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-066169
- JSON: https://secwatch.observer/filing/0001104659-25-066169.json
- Plain text: https://secwatch.observer/filing/0001104659-25-066169.txt

## Key facts
- Debt Financings
  TIDEWATER INC incurred senior notes of $650,000,000 with Wilmington Trust, National Association, as trustee at 9.125% maturing July 15, 2030.
  - Instrument: senior notes
  - Principal: $650,000,000
  - Counterparty: Wilmington Trust, National Association, as trustee
  - Rate: 9.125%
  - Maturity: July 15, 2030
  - Event: incurrence
  source text: On July 7, 2025, Tidewater Inc., a Delaware corporation (the “ Company ”), certain of the Company’s subsidiaries (the “ Guarantors ”), and Wilmington Trust, National Association, as trustee (the “ Trustee ”), entered into an indenture (the “ Indenture ”), pursuant to which the Company issued $650,000,000 in aggregate principal amount of the Company’s 9.125% Senior Notes due 2030 (the “ 2030 Notes ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/98222/000110465925066169/0001104659-25-066169-index.htm
- Debt Financings
  TIDEWATER INC amended revolving credit of Existing $25 million super senior secured revolving credit facility terminated with DNB Bank ASA, New York Branch at Not provided maturing Not provided.
  - Instrument: revolving credit
  - Principal: Existing $25 million super senior secured revolving credit facility terminated
  - Counterparty: DNB Bank ASA, New York Branch
  - Rate: Not provided
  - Maturity: Not provided
  - Event: amendment
  source text: The New Credit Agreement will replace the Company’s existing $25 million super senior secured revolving credit facility provided by that certain Credit Facility Agreement, dated November 16, 2021, by and among the Company, DNB Bank ASA, New York Branch, as facility agent, Nordic Trustee AS, as security trustee, DNB Markets, Inc. as bookrunner and mandated lead arranger, and the lenders party thereto (the “ Existing Credit Facility ”), which has been terminated in connection with the financing transactions described in this Current Report.
  evidence_url: https://www.sec.gov/Archives/edgar/data/98222/000110465925066169/0001104659-25-066169-index.htm
- Debt Financings
  TIDEWATER INC incurred revolving credit of $250,000,000 with DNB Bank ASA, New York Branch, as facility agent and security trustee at Not provided maturing Not provided.
  - Instrument: revolving credit
  - Principal: $250,000,000
  - Counterparty: DNB Bank ASA, New York Branch, as facility agent and security trustee
  - Rate: Not provided
  - Maturity: Not provided
  - Event: incurrence
  source text: On July 7, 2025, the Company and the Guarantors entered into a credit agreement with DNB Bank ASA, New York Branch, as facility agent and security trustee, and a syndicate of lenders (the “ New Credit Agreement ”) providing for a new $250 million senior secured revolving credit facility (the “ New Revolving Credit Facility ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/98222/000110465925066169/0001104659-25-066169-index.htm

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