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24.06.25 - 22:18
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Tidewater Announces Pricing of $650 Million Offering of Senior Notes due 2030 (Business Wire)
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HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) (“Tidewater” or “the Company”) today 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 sale of the 2030 Notes to the initial purchasers is expected to settle on July 7, 2025, subject to customary closing conditions. 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 rela...
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23.06.25 - 13:36
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Tidewater Announces Offering of $650 Million of Senior Notes Due 2030 (Business Wire)
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HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) (“Tidewater” or “the Company”) today announced that it has commenced a private offering (the “Offering”) of $650 million in aggregate principal amount of unsecured senior notes due 2030 (the “2030 Notes”). 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.
The 2030 Notes are being offered in the Un...
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05.05.25 - 23:13
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Tidewater Inc. Q1 Income Declines (AFX)
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WASHINGTON (dpa-AFX) - Tidewater Inc. (TDW) released a profit for first quarter that decreased from last yearThe company's earnings came in at $42.65 million, or $0.83 per share. This compares wit......
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05.05.25 - 22:30
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Tidewater Reports Results for the Three Months Ended March 31, 2025 (Business Wire)
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First Quarter 2025 Highlights
Revenue of $333.4 million, a 3.8% improvement compared to the first quarter of 2024
Average day rate of $22,303 per day, an improvement of $2,740 per day, or 14.0%, compared to the first quarter of 2024
Net income of $42.7 million and Adjusted EBITDA of $154.2 million
Net Income and Adjusted EBITDA were favorably impacted by the $7.6 million foreign exchange gain due to the weakening of the U.S. dollar
Net cash provided by operating activities of $86.0 million and free cash flow of $94.7 million
Share Count Reduction and 2025 Guidance
Share count was reduced by 2.3 million shares through April 14, 2025 through repurchases of $90.0 million at an average price of $39.31 per share
Share count was further reduced by 179,645 shares during the first quarter in exchange for paying $7.5 million of employee taxes on the vesting of equity compensation at an average price of $41.55 per share
Reiterating 2025 revenue guidance of $1.32 to $1.38 billion and 2025 gross margin guidance of 48...
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29.04.25 - 00:51
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Tidewater Announces Earnings Release and Conference Call (Business Wire)
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HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) (“Tidewater” or the “Company”) announced today that it will release financial results for the three months ending March 31, 2025, on Monday, May 5, 2025 after market close. An earnings conference call has been scheduled for Tuesday, May 6, 2025, at 8:00 a.m. Central Time, during which President and Chief Executive Officer Quintin Kneen will discuss results for the three months ending March 31, 2025.
Investors and interested parties may listen to the earnings conference call via telephone by calling +1.800.715.9871 if calling from the U.S. or Canada (+1.647.932.3411 if calling from outside the U.S.) and provide Conference ID: 8745688 prior to the scheduled start time. A live webcast of the call will also be available in the Investor Relations section of Tidewater's website at investor.tdw.com.
A replay of the conference call will be available beginning at 11:00 a.m. Central Time on May 6, 2025. To access the replay, access the Investor Relations...
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28.02.25 - 01:45
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Tidewater (TDW) Q4 Earnings Meet Estimates (Zacks)
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Tidewater (TDW) delivered earnings and revenue surprises of 0% and 2.85%, respectively, for the quarter ended December 2024. Do the numbers hold clues to what lies ahead for the stock?...
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