Tidewater (TDW) Announces Proposed 4M Share Offering
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Tidewater Announces Proposed Public Offering of Common Stock
November 8, 2022 4:29 PM ESTHOUSTON--(BUSINESS WIRE)-- Tidewater Inc. (NYSE: TDW) (the Company or Tidewater) today announced the commencement of a registered underwritten public offering of up to 3,987,914 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 stock sold in the offering. The Warrants were issued to Banyan in connection with the Companys acquisition of all of the issued... More
