Tidewater Inc. (NYSE: TDW) has successfully closed a private offering of $650 million in 9.125% senior unsecured notes due 2030, as per Regulatory Rule 144A and Regulation S of the Securities Act. The company intends to utilize the proceeds from this offering, alongside existing cash reserves, to fully repay its current senior secured term loan and redeem its outstanding 8.50% Senior Secured Bonds due in 2026 and 10.375% Senior Unsecured Bonds due in 2028. This strategic financial maneuver has allowed Tidewater to satisfy conditions necessary for the redemption of these bonds. In addition to the bond issuance, Tidewater has entered into a new five-year credit agreement establishing a $250 million revolving credit facility. This facility allows for borrowing with typical conditions precedent, enhancing the company's liquidity and financial flexibility.