Tidewater Inc., founded in 1956 and headquartered in Houston, Texas, is a leading provider of marine support services to the energy sector, primarily offering vessel services to oil and gas companies. The company specializes in a diverse fleet of marine assets, including offshore supply and crew boats, which are essential for various offshore exploration and production activities.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| TDW 10.38% 2028-07-03 USDTidewater Inc. | United States | 2028-07-03 | 10.375 | 7.71 |
| TDW 8.50% 2026-11-16 USDTidewater Inc. | United States | 2026-11-16 | 8.500 | 5.93 |
| TDW 9.13% 2030-07-15 USDTidewater Inc. | United States | 2030-07-15 | 9.125 | 7.49 |
| TDW 9.13% 2030-07-15 USDTidewater Inc. | United States | 2030-07-15 | 9.125 | 7.45 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Tidewater Inc. began issuing bonds in the 1990s as a means to finance fleet expansion and modernization efforts. Notably, their 2021 bond issuance raised $150 million to enhance liquidity during challenging market conditions. Currently, Tidewater’s bonds yield approximately 6%, aligning competitively with industry averages, while featuring call options that provide flexibility in the event of strategic refinancings. The company recently announced plans for a new bond offering aimed at funding further fleet upgrades in response to increased offshore demand.