Why These Energy Stocks are Gaining This Week

8. Tidewater Inc. (NYSE:TDW)

Share Price Gains Between July 7 – July 11: 9.13%

Tidewater Inc. (NYSE:TDW), together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide.

Tidewater Inc. (NYSE:TDW) garnered increased investor attention this week after the company announced the closing of a $650 million offering of 9.125% senior unsecured notes due 2030, using the proceeds to repay existing debt and fund the redemption of outstanding bonds. Moreover, the company reported that it had entered into a new $250 million revolving credit facility, further bolstering its financial flexibility and positioning in the offshore support vessel industry.