Tidewater replaces Wilson Sons guarantees on BNDES construction loans, raising interest rates to 3.77%
TDW•Tidewater replaced Wilson Sons and Remolcadores as guarantor on BNDES construction loans tied to its Brazil acquisition. Amended rates are 3.21% on four loans and 3.77% on one, while the collateral coverage ratio rose to 130%.
1. Loan amendments
The amendments take effect Oct. 1, 2026, and release Wilson Sons and Remolcadores from all obligations under the facilities. Tidewater previously arranged unsecured DNB Bank ASA guarantees of up to $170.46 million to backstop its indemnity obligations.
