Flash FinanceUS
Market open S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Tidewater (TDW)

Tidewater completes $500 million acquisition of Wilson Sons Ultratug, adding 22 PSVs

Neutral Impact 4 of 5 m&a Written later

Tidewater completed its acquisition of Wilson, Sons Ultratug and affiliate Atlantic Offshore Services effective August 31, 2026, for an aggregate purchase price of $500 million on a debt-free, cash-free basis. The company paid about $283.1 million in cash and assumed about $229.3 million of existing target debt, and it took on new guarantee and liquidity obligations tied to the target's BNDES loans.

Key points

  • Tidewater paid approximately $283.1 million in cash and acquired the targets subject to about $229.3 million of existing debt; the price remains subject to a post-closing adjustment.
  • Tidewater procured unsecured bank guarantees from DNB Bank ASA of up to $170,458,000 and must maintain minimum liquidity of at least 1.25x the outstanding Replacement LCs.
  • Tidewater must use best endeavors to replace or repay BNDES parent company guarantees before December 31, 2026; the BNDES construction loans total about $170.1 million outstanding.
  • The deal adds a fleet of 22 PSVs, and the company's BB Loan guarantee was replaced by Tidewater at closing, with the BB Loan outstanding principal of about $22.5 million.

The filing

CompanyTidewater (TDW)
Form8-K, current report
Filed with the SECAug 31, 2026, 5:23 PM ET
Accession number0001104659-26-103962

Items reported: 1.01 Material Definitive Agreement2.01 Acquisition or Disposition Completed2.03 New Direct Financial Obligation7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:39 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 August 31, 2026.

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.