other material
confidence high
sentiment neutral
materiality 0.60
Tidewater prices public offering of 3.52M shares at $17.85; warrants repurchase from Banyan
TIDEWATER INC
- Announced underwritten public offering of 3,520,000 shares at $17.85/share; gross proceeds ~$62.8M.
- Underwriter's over-allotment option for 528,000 shares exercised in full; total net proceeds ~$70.6M.
- Proceeds to repurchase warrants from Banyan Overseas Limited, issued in connection with Swire Pacific Offshore acquisition.
- Offering closed on August 12, 2022; Morgan Stanley sole underwriter.