Tidewater stock takes on BNDES guarantees as loan rates rise

Published on 10/08/2026 at 02:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tidewater stock was last at USD 82.50 on October 7, 2026, down 1.70 percent. A new filing sets BNDES loan rates at 3.21 percent and 3.77 percent.

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Tidewater Inc. stock (ISIN US88642R1095) was last at USD 82.50 on the NYSE on October 7, 2026 at 10:08 a.m. EDT, down 1.70 percent. The company had assumed new guarantees on Brazilian construction loans in a Form 8-K dated October 5, 2026.

Loan terms shift after Brazil deal

According to the SEC filing, Tidewater replaced Wilson Sons and Remolcadores as guarantors of five BNDES Construction Loans effective October 1, 2026. The change followed the company acquisition of Brazilian offshore assets, placing the guarantee obligation at Tidewater's parent-company level.

The amended facilities carry interest rates of 3.21 percent for four agreements and 3.77 percent for one, according to the SEC. Collateral coverage rose to 130 percent, while replacement letters of credit totaling up to USD 170.458 million were canceled effective October 2, 2026.

Consensus target sits above the quote

A MarketBeat report dated October 7, 2026, puts the consensus rating at Moderate Buy across 10 research firms. The average 12-month target is USD 98.25, which is 19.1 percent above the USD 82.50 reference price.

The distribution behind that label is cautious as well as constructive: six firms rate Tidewater Hold, three rate it Buy and one assigns Strong Buy, according to MarketBeat. The USD 120.00 high target and USD 65.00 low target show a wide range of views around the offshore-services cycle.

Offshore services remain the core

Tidewater operates offshore support vessels that transport personnel, equipment and supplies for energy projects. Its fleet also supports offshore construction, maintenance and selected offshore wind activity, leaving vessel utilization and charter rates central to the investment case.

Stock stays below yearly high

Tidewater's stock remains below its 52-week high of USD 101.57 and above its 52-week low of USD 46.65, while the company's market capitalization stands at USD 4.1 billion as of October 7, 2026. The stock's immediate market profile therefore combines a 1.70 percent daily decline with a consensus target above the latest NYSE quote.