---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-005577"
form_type: "8-K"
ticker: "TDW"
cik: "0000098222"
company_name: "TIDEWATER INC"
filed_at: "2023-03-07T23:59:59+00:00"
generated_at: "2026-06-18T10:57:07.240599+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Tidewater acquires 37 PSVs from Solstad Offshore for $577M; updates 2023 guidance

## Summary
- Acquisition of 37 platform supply vessels for $577M cash; expected close Q2 2023.
- Financing includes $325M senior secured credit facility from DNB-led group; financing contingency.
- Updated 2023 revenue guidance to ~$1.03B; vessel operating margin guidance unchanged at ~50.0%.
- Combined fleet of 228 vessels; 65% high-spec; includes 14 battery hybrid and 2 LNG vessels.
- Acquired vessels have ~$620M total backlog; potential cash flow upside as contracts roll to higher rates.

## SEC filing metadata
- accession: 0001437749-23-005577
- form_type: 8-K
- ticker: TDW
- cik: 0000098222
- company_name: TIDEWATER INC
- filed_at: 2023-03-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/98222/000143774923005577/0001437749-23-005577-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/98222/000143774923005577/tdw20230306_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-005577
- JSON: https://secwatch.observer/filing/0001437749-23-005577.json
- Plain text: https://secwatch.observer/filing/0001437749-23-005577.txt

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