Tidewater (TDW) Announces Proposed 3.52M Share Offering
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Tidewater Announces Proposed Public Offering of Common Stock
August 9, 2022 5:18 PM EDTHOUSTON--(BUSINESS WIRE)-- Tidewater Inc. (NYSE: TDW) (the Company or Tidewater) today announced the commencement of a registered underwritten public offering of up to 3,520,000 shares of its common stock. In addition, the Company intends to grant the underwriter a 30-day option to purchase up to an additional 528,000 shares of its common stock. The Company intends to use the net proceeds from the offering (before expenses) to repurchase from Banyan Overseas Limited (Banyan) a number of warrants exercisable for shares of the Companys common stock (Warrants) equal to the number of shares of the Companys common... More
