secwatch.observer — SEC 8-K summary
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Issuer:     TIDEWATER INC (TDW)
CIK:        0000098222
Form:       8-K
Filed at:   2022-03-09T23:59:59+00:00
Accession:  0001437749-22-005620
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/98222/000143774922005620/0001437749-22-005620-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/98222/000143774922005620/tdw20220308_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-005620

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer