secwatch.observer — SEC 8-K summary
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Issuer:     TIDEWATER INC (TDW)
CIK:        0000098222
Form:       8-K
Filed at:   2026-02-24T23:59:59+00:00
Accession:  0001104659-26-018759
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tidewater acquires WSUT for $500M; adds 22 PSVs, expands Brazil fleet
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- Enterprise value $500M includes assumption of ~$261M debt; all-cash from cash on hand.
- Acquires 22 PSVs (19 Brazilian-built); Brazil fleet grows from 6 to 28 vessels.
- WSUT backlog ~$441M; below-market day rates expected to drive earnings uplift on rollover.
- Pro forma net leverage below 1.0x; accretive to 2026E and 2027E EPS and FCF per share.
- Closing expected late Q2 2026; subject to CADE antitrust approval and customary conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/98222/000110465926018759/0001104659-26-018759-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/98222/000110465926018759/tm266868d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-018759

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