- Tidewater Inc (NYSE:TDW) priced the registered underwritten public offering of 3.98 million shares at a public offering price of $30.25 per share.
- The offer price represents a 9.2% discount from the company’s closing price on November 8, 2022.
- The gross proceeds from the offering, before deducting underwriting discounts and commissions and estimated offering expenses, are expected to be about $120.6 million.
- The company will use the net proceeds to repurchase from Banyan Overseas Limited a number of warrants exercisable for shares of Tidewater, equal to the number of shares of the company sold in the offering.
- The offering is expected to close on November 10, 2022.
- Price Action: TDW shares are trading lower by 6.30% at $31.22 in premarket on the last check Wednesday.
Diana Shipping Becomes Partner In Commissioning Service Operation Vessels Project; Signed Term Sheet Relating To Joint Venture; Ordered Two Commissioning Service Operation Vessels From VARD; Transaction Remains Subject To Negotiation
Diana Shipping Inc. (NYSE:DSX), (the "Company"), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it
