---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-005766"
form_type: "8-K"
ticker: "TDW"
cik: "0000098222"
company_name: "TIDEWATER INC"
filed_at: "2022-03-10T23:59:59+00:00"
generated_at: "2026-06-27T00:15:19.967350+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Tidewater acquires Swire Pacific Offshore for $42M cash + 8.1M warrants

## Summary
- Purchase consideration: $42M cash (subject to customary closing adjustments) and 8,100,000 warrants to buy Tidewater common stock at $0.001 per share.
- Warrants exercisable for up to 25 years; terms substantially similar to Tidewater's existing New Creditor Warrants.
- Closing conditions include accuracy of representations, absence of material adverse effect, no legal prohibition, and US Coast Guard determination on the warrants.
- Transaction expected to close by July 9, 2022 unless extended; both parties have customary termination rights.
- Warrants issued in a private placement exempt under Section 4(a)(2) of the Securities Act.

## SEC filing metadata
- accession: 0001437749-22-005766
- form_type: 8-K
- ticker: TDW
- cik: 0000098222
- company_name: TIDEWATER INC
- filed_at: 2022-03-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/98222/000143774922005766/0001437749-22-005766-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/98222/000143774922005766/tdw20220309_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-005766
- JSON: https://secwatch.observer/filing/0001437749-22-005766.json
- Plain text: https://secwatch.observer/filing/0001437749-22-005766.txt

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