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entered into a guarantee agreement with Brazil's national development bank on September 21, 2026.
The agreement obligates the Houston-based company to ensure the full and timely payment of specific construction loans held by its Brazilian subsidiary.
The borrower under these facilities is Tidewater do Brasil S.A., formerly known as Wilson Sons Offshore S.A.
The loans, collectively referred to as the BNDES Construction Loans, were originally established between 2007 and 2012.
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