Flash FinanceUS
Market closed S&P 5007,549.94+2.35% Nasdaq25,253.14+2.74% Dow 3052,389.75+2.15% Russell 20002,840.81+3.15% Nasdaq-10027,907.62+3.40% MidCap 4003,715.23+3.13% SmallCap 6001,722.37+2.89% VIX19.92-22.31% 10Y Yield4.86+0.10% Close of Nov 09, 2026
AI brief of an SEC Form 8-K · Tidewater (TDW)

Tidewater sells $650 million of 2030 notes and enters $250 million credit facility

Neutral Impact 4 of 5 financing Written later

Tidewater issued $650 million of 9.125% senior notes due 2030 and entered a new $250 million senior secured revolving credit facility, replacing its existing $25 million facility. Proceeds were used to repay its term loan and redeem its 8.50% 2026 Bonds and 10.375% 2028 Bonds, which increases the company's debt under the new notes and facility.

Key points

  • $650 million of 9.125% senior notes due July 15, 2030, issued under an indenture with Wilmington Trust, National Association, as trustee
  • New $250 million senior secured revolving credit facility with DNB Bank ASA, priced at Term SOFR plus 250 to 350 basis points, replacing the $25 million facility terminated in connection with the financing
  • Redemption of 100% of the 8.50% Senior Secured Bonds due 2026 and 10.375% Senior Unsecured Bonds due 2028 with all conditions met effective July 7, 2025
  • Piers Middleton named Executive Vice President and Chief Operating Officer, effective July 1, 2025

The filing

CompanyTidewater (TDW)
Form8-K, current report
Filed with the SECJul 7, 2025, 5:10 PM ET
Accession number0001104659-25-066169

Items reported: 1.01 Material Definitive Agreement1.02 Termination of Material Agreement2.03 New Direct Financial Obligation5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 07, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.