---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-005620"
form_type: "8-K"
ticker: "TDW"
cik: "0000098222"
company_name: "TIDEWATER INC"
filed_at: "2022-03-09T23:59:59+00:00"
generated_at: "2026-06-27T00:35:59.282518+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Tidewater to acquire Swire Pacific Offshore for ~$190M; reports Q4 net loss $37.9M

## Summary
- Q4 revenue $105.2M (+14.5% YoY); net loss $37.9M ($0.92 EPS); adjusted loss $11.7M ($0.28 EPS).
- FY 2021 revenue $371.0M (down from $397.0M); net loss $129.0M ($3.14 EPS).
- Acquiring SPO for $42M cash + 8.1M warrants (strike $0.001); 50-OSV fleet (29 AHTS, 21 PSVs).
- Targeting ~$45M annual cost synergies within 24 months; transaction approved by both boards.
- Expected close Q2 2022; pro forma fleet of 174 OSVs (203 total), expanding West Africa, SE Asia, Middle East.

## SEC filing metadata
- accession: 0001437749-22-005620
- form_type: 8-K
- ticker: TDW
- cik: 0000098222
- company_name: TIDEWATER INC
- filed_at: 2022-03-09T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/98222/000143774922005620/0001437749-22-005620-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/98222/000143774922005620/tdw20220308_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-005620
- JSON: https://secwatch.observer/filing/0001437749-22-005620.json
- Plain text: https://secwatch.observer/filing/0001437749-22-005620.txt

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