Tidewater Inc. Announces $650 Million Senior Notes Offering to Refinance Debt and Redeem Existing Bonds

Reuters
06-25
<a href="https://laohu8.com/S/TDDWW">Tidewater Inc.</a> Announces $650 Million Senior Notes Offering to Refinance Debt and Redeem Existing Bonds

Tidewater Inc. has announced the pricing of its $650 million offering of senior notes due 2030. These unsecured notes will carry an interest rate of 9.125% per year, maturing on July 15, 2030. The company plans to use the proceeds from this offering, along with cash on hand, to fully repay its existing senior secured term loan and to fund the redemption of its outstanding 8.50% Senior Secured Bonds due 2026 and 10.375% Senior Unsecured Bonds due 2028. The transaction also covers the associated premiums, accrued interest, fees, and expenses. The offering is set to settle on July 7, 2025, subject to customary closing conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tidewater Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-062114), on June 24, 2025, and is solely responsible for the information contained therein.

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