EX-99.1 2 tm2518828d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Tidewater Announces Pricing of $650 Million Offering of Senior Notes due 2030 HOUSTON - Tidewater Inc. (NYSE: TDW) (“Tidewater” or “the Company”) today announced the pricing of its previously announced private offering (the “Offering”) of $650 million in aggregate principal amount of unsecured senior notes due 2030 (the “2030 Notes”). The 2030 Notes will bear interest at a rate of 9.125% per year and will mature on July 15, 2030. The 2030 Notes will be issued at par. The sale of the 2030 Notes to the initial purchasers is expected to settle on July 7, 2025, subject to customary closing conditions. The Company expects to use the net proceeds from the Offering, together with cash on hand, (i) to repay in full the Company’s existing senior secured term loan, (ii) to fund the redemption (the “Redemption”) of both the Company’s outstanding 8.50% Senior Secured Bonds due 2026 (the “2026 Bonds”) and its outstanding 10.375% Senior Unsecured Bonds due 2028 (the “2028 Bonds”) and (iii) to pay the premiums, accrued interest, fees and expenses related to the term loan payoff, Redemption and the issuance of the 2030 Notes. The 20…
Open exhibit ↗Current Report · Items 7.01, 9.01 · 8-K
Tidewater, Inc.
TDWNYSEEQUITYCurrent
Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On June 24, 2025, Tidewater Inc. (the “Company”) announced the pricing of its previously announced private offering (the “Offering”) of $650 million in aggregate principal amount of unsecured senior notes due 2030 (the “2030 Notes”). The 2030 Notes will bear interest at a rate of 9.125% per year and will mature on July 15, 2030. The 2030 Notes will be issued at par.…
Company context
Tidewater owns and operates one of the largest fleets of offshore support vessels in the industry, with 70 years of experience supporting offshore energy exploration, production, generation and offshore wind activities worldwide.
Current securities
Historical securities (6)
GLFMWOTC · WARRANT · Historical · closed Nov 16, 2018TDDTWOTC · WARRANT · Historical · closed Oct 5, 2017TDWTWOTC · WARRANT · Historical · closed Oct 5, 2017TDW.WSNYSE_AMERICAN · WARRANT · Historical · closed Jan 29, 2025TDW.WS.ANYSE · WARRANT · Historical · closed Dec 3, 2024TDW.WS.BNYSE · WARRANT · Historical · closed Dec 3, 2024
Recent company filings
- Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet ArrangementOct 5, 2026
- Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet ArrangementSep 25, 2026
- 144 filingSep 16, 2026
- 144 filingSep 2, 2026
- 144 filingSep 1, 2026
Disclosure sections
Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure.
On June 24, 2025, Tidewater Inc. (the
“Company”) announced the pricing of its previously announced private offering (the “Offering”) of $650 million
in aggregate principal amount of unsecured senior notes due 2030 (the “2030 Notes”). The 2030 Notes will bear interest at
a rate of 9.125% per year and will mature on July 15, 2030. The 2030 Notes will be issued at par.
The Notes are being offered only to persons
reasonably believed to be qualified institutional buyers under Rule 144A under the Securities Act of 1933 (the “Securities
Act”) and outside the U.S. in reliance on Regulation S under the Securities Act.
The Company expects to use the net proceeds
from the Offering, together with cash on hand, (i) to repay in full the Company’s existing senior secured term loan, (ii) to
fund the redemption (the “Redemption”) of both the Company’s outstanding 8.50% Senior Secured Bonds due 2026 (the “2026
Bonds”) and its outstanding 10.375% Senior Unsecured Bonds due 2028 (the “2028 Bonds”), and (iii) to pay the premiums,
accrued interest, fees and expenses related to the term loan payoff, Redemption and the issuance of the 2030 Notes. The 2030 Notes will
be senior unsecured obligations of the Company and will be guaranteed on a senior unsecured basis by certain of the Company’s U.S.
subsidiaries.
On June 24, 2025, the Company issued a press release related to
the foregoing. A copy of the press release is attached as Exhibit 99.1 to this report and incorporated by reference herein.