---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-026961"
form_type: "8-K"
ticker: "TDW"
cik: "0000098222"
company_name: "TIDEWATER INC"
filed_at: "2022-11-10T23:59:59+00:00"
generated_at: "2026-06-22T00:30:29.350553+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Tidewater prices 3.99M-share offering at $30.25; proceeds to buy back Banyan warrants

## Summary
- Public offering of 3,987,914 shares at $30.25/share for gross proceeds ~$120.6M.
- Net proceeds to repurchase all remaining Banyan warrants exercisable for same number of shares.
- Warrants were issued in April 2022 as part of Swire Pacific Offshore acquisition from Banyan.
- Morgan Stanley sole underwriter; offering closed Nov 10, 2022.
- After repurchase, zero Banyan warrants remain outstanding.

## SEC filing metadata
- accession: 0001437749-22-026961
- form_type: 8-K
- ticker: TDW
- cik: 0000098222
- company_name: TIDEWATER INC
- filed_at: 2022-11-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/98222/000143774922026961/0001437749-22-026961-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/98222/000143774922026961/tdw20221109_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-026961
- JSON: https://secwatch.observer/filing/0001437749-22-026961.json
- Plain text: https://secwatch.observer/filing/0001437749-22-026961.txt

## Key facts
- Material Agreements
  TIDEWATER INC entered into Warrant Repurchase Agreement with Banyan Overseas Limited (effective 2022-11-08).
  - Action: entry
  - Counterparty: Banyan Overseas Limited
  - Effective: 2022-11-08
  source text: on November 8, 2022, the Company entered into a Warrant Repurchase Agreement (the “Warrant Repurchase Agreement”) between the Company and Banyan Overseas Limited (“Banyan”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/98222/000143774922026961/0001437749-22-026961-index.htm
- Material Agreements
  TIDEWATER INC entered into Underwriting Agreement with Morgan Stanley & Co. LLC valued at total gross proceeds to the Company of approximately $120,634,398 (effective 2022-11-08).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Morgan Stanley & Co. LLC
  - Value: total gross proceeds to the Company of approximately $120,634,398
  - Effective: 2022-11-08
  source text: On November 8, 2022, Tidewater Inc. (the “Company”) entered into an Underwriting Agreement (the “Underwriting Agreement”) between the Company and Morgan Stanley & Co. LLC (the “Underwriter”) with respect to the offer and sale of 3,987,914 shares
  evidence_url: https://www.sec.gov/Archives/edgar/data/98222/000143774922026961/0001437749-22-026961-index.htm

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