Highest-materiality recent filing
Tidewater receives all regulatory approvals for $500M acquisition; expects Q3 2026 close
Acquisition of Wilson Sons Ultratug and Atlantic Offshore Services for $500M cash, debt-free cash-free basis.
Tidewater acquires WSUT for $500M; adds 22 PSVs, expands Brazil fleet
Enterprise value $500M includes assumption of ~$261M debt; all-cash from cash on hand.
Tidewater authorizes $500M share buyback; Q2 earnings released
Board authorized up to $500.0 million common stock repurchase program.
Tidewater closes $650M note offering, $250M revolver, appoints new COO
Issued $650M of 9.125% senior unsecured notes due 2030; proceeds used to redeem 2026 and 2028 bonds and repay term loan.
Tidewater prices $650M of 9.125% senior notes due 2030, to refinance existing debt
Offering of $650M unsecured senior notes at 9.125%, maturing July 15, 2030; priced at par.
Tidewater calls bondholders meeting to amend terms of 10.375% senior notes due 2028
Tidewater instructs trustee to hold bondholders' meeting on Sept 30, 2024 to consider bond amendments.
Tidewater files Solstad vessel acquisition financials; 2022 pro forma net loss $110M
Acquired 37 PSVs for $596.2M cash; financed via $325M DnB term loan and $250M 10.375% bonds due 2028.
Tidewater closes $580M acquisition of 37 PSVs from Solstad; secures $575M financing
Acquired 37 PSVs and related assets from Solstad Offshore for approx. $580M ($577M base + $3M initial adjustment).
Tidewater appoints Dick Fagerstal chairman; expects Solstad vessel acquisition close week of July 3
Dick H. Fagerstal appointed non-executive Chairman; board reduced from 9 to 8 members.
Tidewater prices $250M senior unsecured bonds at 10.375% to fund Solstad vessel buy
Completed $250M senior unsecured bond offering; maturity July 2028, 10.375% interest.
Tidewater acquires 37 PSVs from Solstad Offshore for $577M; updates 2023 guidance
Acquisition of 37 platform supply vessels for $577M cash; expected close Q2 2023.
Tidewater prices 3.99M-share offering at $30.25; proceeds to buy back Banyan warrants
Public offering of 3,987,914 shares at $30.25/share for gross proceeds ~$120.6M.
Tidewater prices public offering of 3.52M shares at $17.85; warrants repurchase from Banyan
Announced underwritten public offering of 3,520,000 shares at $17.85/share; gross proceeds ~$62.8M.
Tidewater files SPO financials: 2021 revenue $207.5M, net profit $4.2M
SPO 2021 revenue $207.5M, gross profit $12.8M (2020: revenue $217.7M, gross loss $34.9M).
Tidewater completes acquisition of Swire Pacific Offshore for $42M cash and 8.1M warrants
Acquisition of SPO adds 50 vessels, creating the world's leading OSV operator.
Tidewater acquires Swire Pacific Offshore for $42M cash + 8.1M warrants
Purchase consideration: $42M cash (subject to customary closing adjustments) and 8,100,000 warrants to buy Tidewater common stock at $0.001 per share.
Tidewater to acquire Swire Pacific Offshore for ~$190M; reports Q4 net loss $37.9M
Q4 revenue $105.2M (+14.5% YoY); net loss $37.9M ($0.92 EPS); adjusted loss $11.7M ($0.28 EPS).
the Board plans to appoint Dick Fagerstal, who currently serves as the Lead Independent Director and Chair of the Audit Committee of the Board, as Chairman of the Board
On April 26, 2023, Larry T. Rigdon, Chairman of the Board of Directors (the “ Board ”) of Tidewater Inc. (the “ Company ”), notified the Company of his decision to retire from Board, and as such, not to stand for reelection
On January 4, 2022, the board of directors (the “Board”) of Tidewater Inc. (the “Company”) voted, on the recommendation of its Nominating and Corporate Governance Committee, to appoint Melissa Cougle to the Board.
Max materiality 0.85 · Median 0.50 · Most common event earnings