Company: TDDWW
Filing Date: 2025-07-07
Form Type: 8-K
Source: 0001104659-25-066169
Chunk: 1

Company: TIDEWATER INC
Filing Date: 2025-07-07
Form: 8-K
Item: Item 1.02
Chunk 1
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Item 1.02      Termination of a Material Definitive Agreement.  

As described in Item 1.01 under “ New Credit Agreement,”
the Company has terminated the Existing Credit Facility in connection with entering the New Credit Agreement.

Further, in connection with the issuance of the 2030 Notes, the Company
paid in full, including all outstanding principal, accrued interest and fees, and terminated that certain Term Loan Credit Agreement,
dated as of June 30, 2023, by and among (i) TDW International Vessels (Unrestricted), LLC, a Delaware limited liability company
and wholly owned subsidiary of the Company, as borrower, (ii) the Company, as parent guarantor, (iii) the banks and financial
institutions listed on Schedule 1 thereto, as lenders, and (iv) DNB Bank ASA, New York Branch, as facility agent for the Lenders
and as security trustee for the secured creditors.

In connection with the pricing of the 2030 Notes, the Company notified
Nordic Trustee AS (“ Nordic Trustee”), as trustee for the Company’s outstanding 8.50% Senior Secured Bonds
due 2026 (the “2026 Bonds”) and 10.375% Senior Unsecured Bonds due 2028 (the “2028 Bonds”),
of the Company’s election to redeem 100% of the aggregate outstanding principal amount of the 2026 Bonds and 2028 Bonds (the “ Redemption”),
and instructed Nordic Trustee to provide notice of such full Redemption to the holders of the 2026 Bonds and 2028 Bonds in accordance
with the indenture governing each of the 2026 Bonds and 2028 Bonds. All conditions for the Redemption were met effective July 7,
2025.