---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-113492"
form_type: "8-K"
ticker: "TDW"
cik: "0000098222"
company_name: "TIDEWATER INC"
filed_at: "2026-10-05T11:00:36+00:00"
generated_at: "2026-10-12T14:43:59.681588+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Tidewater replaces Wilson Sons guarantees on BNDES loans; rates rise to 3.21%-3.77%, collateral ratio 130%

## Summary
- Effective Oct 1, 2026, BNDES Construction Loans amended: Wilson Sons and Remolcadores parent guarantees terminated and Tidewater Inc. substituted as guarantor.
- Interest rates raised to 3.21% for Credit Facility Agreements Nos. 07.2.0417.1, 07.2.0418.1, 12.2.0433.1, 12.2.0434.1 and 3.77% for No. 10.2.1621.1.
- Collateral coverage ratio increased to 130% for all BNDES Construction Loans; acceleration provisions updated, including change of control without lender consent.
- Replacement LCs from DNB Bank ASA up to USD $170,458,000 cancelled effective October 2, 2026, following replacement of guarantees.
- Amendments tied to Tidewater's Aug 31, 2026 acquisition of Wilson Sons Ultratug Participações S.A. (now Tidewater Offshore do Brasil S.A.) and Atlantic Offshore Services S.A.

## SEC filing metadata
- accession: 0001104659-26-113492
- form_type: 8-K
- ticker: TDW
- cik: 0000098222
- company_name: TIDEWATER INC
- filed_at: 2026-10-05T11:00:36+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/98222/000110465926113492/0001104659-26-113492-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/98222/000110465926113492/tm2626952d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-113492
- JSON: https://secwatch.observer/filing/0001104659-26-113492.json
- Plain text: https://secwatch.observer/filing/0001104659-26-113492.txt

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