other material
confidence high
sentiment neutral
materiality 0.25
Tidewater amends SPO deal docs: requires consent for warrant indemnity, adds shelf takedowns
TIDEWATER INC
- Second Amendment gives Tidewater consent right over Seller using Warrants to satisfy indemnification obligations.
- First Amendment to Registration Rights Agreement increases shelf takedown requests from 2 to 3 per 12 months (5 aggregate).
- Amendment adds limitations on Tidewater's ability to delay shelf takedowns and governs primary offerings.