Company: TDDWW
Filing Date: 2025-06-24
Form Type: 8-K
Source: 0001104659-25-062114
Chunk: 0

Company: TIDEWATER INC
Filing Date: 2025-06-24
Form: 8-K
Item: Item 7.01
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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.

Item 9.01.
Financial Statements and Exhibits