Tidewater completes $500M acquisition of 22 PSV fleet from Wilson Sons

TIDEWATER INC

Closed acquisition of Wilson Sons Ultratug and Atlantic Offshore for $500M debt-free/cash-free basis; paid ~$283.1M cash plus assumed ~$229.3M debt.
Added fleet of 22 platform supply vessels; deal closed Aug 31, 2026; purchase price subject to post-closing adjustments.
Assumed ~$229.3M in debt: BB Loan $22.5M (3.10% due 2030), BNDES Construction $170.1M, BNDES C&D $36.7M.
Must replace BNDES parent company guarantees by Dec 31, 2026; procured $170.5M unsecured bank guarantees from DNB Bank as backstop.

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