Tidewater replaces Wilson Sons guarantees on BNDES construction loans, raising interest rates to 3.77%

By Public Technologies
  • BNDES amended legacy construction loan facilities tied to Tidewater’s Brazil acquisition, ending seller-backed guarantees effective Oct. 1, 2026.
  • Tidewater became the new guarantor, replacing Wilson Sons and Remolcadores, which were released from all obligations under the facilities.
  • Amendments lifted interest rates to 3.21% on four loans, 3.77% on one loan, raising borrowing costs for the borrower.
  • Collateral coverage ratio increased to 130%, tightening security requirements across the BNDES Construction Loans.
  • Company previously arranged unsecured DNB Bank ASA guarantees of up to USD 170.46 million to backstop its indemnity obligations.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tidewater Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-113492), on October 05, 2026, and is solely responsible for the information contained therein.

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