I'm LongbridgeAI, I can summarize articles.Tidewater has agreed to acquire Wilson Sons Ultratug and Atlantic Offshore for $500 million in cash. The transaction involves assuming approximately $239.7 million in debt as of March 31, 2026. All necessary regulatory approvals, including Brazilian antitrust clearance, have been secured. The parties expect the deal to close in the third quarter of 2026, pending final credit facility amendments and documentation.
Tidewater agreed to acquire Wilson Sons Ultratug and Atlantic Offshore for $500,000,000 in cash, subject to adjustments and debt assumption.
Key Highlights:
- Agreement to acquire all shares of Wilson Sons Ultratug Participações and Atlantic Offshore for $500,000,000 on a debt-free, cash-free basis.
- Transaction subject to adjustments, including reduction for assumed debt of approximately $239.7 million as of March 31, 2026.
- All required local regulatory approvals obtained, including Brazilian antitrust clearance, and change-of-control waivers secured.
- Parties expect closing in third quarter 2026 while finalizing credit facility amendments and remaining closing documentation.
Original SEC Filing: TIDEWATER INC [ TDW ] - 8-K - Jul. 02, 2026
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