Latest news with #TidewaterInc
Yahoo
a day ago
- Business
- Yahoo
Tidewater Stock Climbs on Strong Q2 Performance and Debt Refinancing
Tidewater Inc. (NYSE:TDW) is one of the . With slim but definite positive results in the second quarter and the successful completion of a refinancing transaction, the company pushes its value up in the market. A fleet of offshore supply vessels and tugs carrying materials to an oilrig in the distance. Based in Texas, Tidewater Inc. (NYSE:TDW) is the industry-leading provider of offshore support vessels (OSVs). Founded in 1956, the company offers marine support services to the offshore energy industry, including transportation of crews and supplies, towing and anchoring mobile rigs, and assisting with offshore construction projects. On August 4, 2025, Tidewater Inc. (NYSE:TDW) reported strong second-quarter 2025 results. The revenue during the period reached $341.4 million, a 0.6% increase compared to the same period in 2024. In the report, the company also highlighted achieving a record average day rate of $23,166 per day, marking a 9.6% improvement year-over-year and a sequential increase of over $860 per day. Following the second quarter, in July 2025, the company successfully carried out a refinancing transaction, completing a $650.0 million senior unsecured notes offering, which was primarily used to redeem previously outstanding Nordic bonds and a term loan facility. Additionally, with the establishment of a new $250.0 million revolving credit facility, Tidewater Inc. (NYSE:TDW) strengthens the company and ensures greater financial flexibility. The company incurred a 33.14% annual decline but managed to rally its stock price by 20.22% this week, showing off its short-term return-generating capabilities to shareholders. While we acknowledge the potential of TDW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure. None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
14-07-2025
- Business
- Yahoo
Tidewater Director's Major Stock Buys Signal Trust in Expansion Strategy
Tidewater Inc. (NYSE:TDW) is one of the . Following a bold move from Director Robert Robotti last month, the company closed $650 million Notes Offering and entered a credit facility. A fleet of offshore supply vessels and tugs carrying materials to an oilrig in the distance. Texas-based company, Tidewater Inc. (NYSE:TDW) is a global provider of offshore service vessels (OSVs) supporting oil, gas, and offshore wind operations. Founded in 1956, the company operates one of the world's largest fleets of anchor-handling tug supply, platform supply, and crew vessels across more than 60 countries. Director Robert Robotti initiated a purchase on June 2, 2025, acquiring 560 shares in a transaction valued at $22,706. Two days later, on June 3, 2025, the Director made another purchase but at a significant volume of 25,000 in a transaction valued at $1,052,148. Later, on June 23, 2025, the company announced a private offering of $650 million in Senior Notes. Due in 2030, the company intends to use these Notes for refinancing existing debts and covering related expenses. On July 7, 2025, the company closed the Notes offering and announced entering a new $250 million revolving credit facility. With this, the company anticipates financial flexibility and better positioning in the market. With Director Robert Robotti's purchase, the insider transaction saw a growth of 1.65%, signaling the insider's confidence in the company's financial strategic moves and growth potential. While we acknowledge the potential of TDW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best High Risk Penny Stocks to Invest in and Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-07-2025
- Business
- Yahoo
Tidewater (TDW): Among the Energy Stocks that Gained This Week
The share price of Tidewater Inc. (NYSE:TDW) surged by 9.13% between July 7 and July 11, 2025, putting it among the Energy Stocks that Gained the Most This Week. A fleet of offshore supply vessels and tugs carrying materials to an oilrig in the distance. Tidewater Inc. (NYSE:TDW), together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. Tidewater Inc. (NYSE:TDW) garnered increased investor attention this week after the company announced the closing of a $650 million offering of 9.125% senior unsecured notes due 2030, using the proceeds to repay existing debt and fund the redemption of outstanding bonds. Moreover, the company reported that it had entered into a new $250 million revolving credit facility, further bolstering its financial flexibility and positioning in the offshore support vessel industry. While we acknowledge the potential of TDW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and The 5 Energy Stocks Billionaires are Quietly Piling Into. Disclosure: None.
Business Wire
07-07-2025
- Business
- Business Wire
Tidewater Announces Closing of $650 Million Offering of 9.125% Senior Unsecured Notes due 2030 and Entering into $250 Million Revolving Credit Facility
HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) ('Tidewater' or 'the Company') today announced the closing of its previously announced private offering (the 'Offering') under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the 'Securities Act'), of $650 million in aggregate principal amount of 9.125% senior unsecured notes due 2030 (the '2030 Notes'). The Company used the net proceeds from the Offering, together with cash on hand to: (i) repay in full the Company's existing senior secured term loan; (ii) fund the redemption (the 'Redemption') of the Company's outstanding 8.50% Senior Secured Bonds due 2026 (the '2026 Bonds') and its outstanding 10.375% Senior Unsecured Bonds due 2028 (the '2028 Bonds'); and (iii) pay the premiums, accrued interest, fees and expenses related to the term loan payoff, Redemption of the 2026 Bonds and 2028 Bonds and the issuance of the 2030 Notes. The closing of the Offering satisfied the conditions associated with the Company's exercise of its option to call for redemption all outstanding 2026 Bonds and 2028 Bonds. In addition, effective today the Company entered into a senior secured five-year credit agreement (the 'Credit Agreement') providing for a new $250 million revolving credit facility. Borrowing availability under the Credit Agreement is subject to customary conditions precedent. About Tidewater Tidewater owns and operates the largest fleet of offshore support vessels in the industry, with 65 years of experience supporting offshore energy exploration, production and offshore wind activities worldwide. Cautionary Statement Statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include words or phrases such as 'anticipate,' 'believe,' 'estimate,' 'expect,' 'intend,' 'likely,' 'plan,' 'project,' 'could,' 'may,' 'might,' 'should,' 'will' and similar words and specifically include statements regarding and the Credit Agreement. The forward-looking statements contained in this press release are subject to numerous risks, uncertainties and assumptions that may cause actual results to vary materially from those indicated. Additional risks and uncertainties are detailed in the Company's most recent filings with the SEC, including under the captions 'Forward-Looking Statements' and 'Risk Factors' in the Company's Annual Report on Form 10-K for the year ended December 31, 2024. Statements in this news release are made as of the date hereof, and the Company disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
Yahoo
25-06-2025
- Business
- Yahoo
Third Avenue Value Fund Reduces Stake in Deutsche Bank AG by 42.88%
Third Avenue Value Fund (Trades, Portfolio) recently submitted its N-PORT filing for the second quarter of 2025, shedding light on its strategic investment decisions during this period. Founded by the legendary value investor Martin J. Whitman in 1990, the Third Avenue Value Fund (Trades, Portfolio) is renowned for its flexible mandate that embraces a global, all-cap equities approach. The fund is known for its opportunistic investments in credit securities across the capital structure, with a keen focus on financial strength, the ability to compound NAV, and pricing at a significant discount to the fund's conservative estimate of NAV. The fund aims to build a differentiated portfolio of contrarian and special-situation opportunities by investing across a global universe of sectors, geographies, and security types, seeking long-term capital appreciation through companies with strong financial positions and valuations supported by tangible assets. Warning! GuruFocus has detected 4 Warning Sign with XTER:BMW. Third Avenue Value Fund (Trades, Portfolio) also increased stakes in a total of 17 stocks, among them: The most notable increase was in Tidewater Inc (NYSE:TDW), with an additional 249,132 shares, bringing the total to 677,381 shares. This adjustment represents a significant 58.17% increase in share count, a 1.43% impact on the current portfolio, with a total value of $24,514,420. The second largest increase was in Jeol Ltd (TSE:6951), with an additional 170,100 shares, bringing the total to 553,100. This adjustment represents a significant 44.41% increase in share count, with a total value of ?17,788,380. Third Avenue Value Fund (Trades, Portfolio) also reduced positions in 6 stocks. The most significant changes include: Reduced Deutsche Bank AG (XTER:DBK) by 777,941 shares, resulting in a -42.88% decrease in shares and a -2.4% impact on the portfolio. The stock traded at an average price of 20.71 during the quarter and has returned 15.97% over the past 3 months and 55.28% year-to-date. Reduced Buzzi SpA (MIL:BZU) by 208,470 shares, resulting in a -27.13% reduction in shares and a -1.35% impact on the portfolio. The stock traded at an average price of 45.66 during the quarter and has returned -6.69% over the past 3 months and 34.67% year-to-date. At the end of the second quarter of 2025, Third Avenue Value Fund (Trades, Portfolio)'s portfolio included 31 stocks. The top holdings included 5.89% in Bayerische Motoren Werke AG (XTER:BMW), 5.4% in Bank of Ireland Group PLC (LSE:BIRG), 4.92% in Capstone Copper Corp (TSX:CS), 4.88% in Subaru Corp (TSE:7270), and 4.66% in Buzzi SpA (MIL:BZU). The holdings are mainly concentrated in 8 of the 11 industries: Basic Materials, Consumer Cyclical, Financial Services, Energy, Industrials, Technology, Consumer Defensive, and Communication Services. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
