secwatch.observer — SEC 8-K summary
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Issuer:     TIDEWATER INC (TDW)
CIK:        0000098222
Form:       8-K
Filed at:   2026-08-31T21:23:55+00:00
Accession:  0001104659-26-103962
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/98222/000110465926103962/0001104659-26-103962-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/98222/000110465926103962/tm2624097d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-103962

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