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:
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