NOT FOR DISSEMINATION TO U.S. WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, May 29, 2024 (GLOBE NEWSWIRE) -- Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Company") (TSX:TWM) announced that the Company has agreed with the syndicate of underwriters led by National Bank Financial Markets (the "Underwriters") to increase the size of its previously announced convertible debenture offering. The Underwriters have agreed to purchase, on a "bought deal" basis, $87 million principal amount of convertible unsecured subordinated debentures (the "Debentures"), at a price of $1,000 per Debenture, with an interest rate of 8.00% per annum, payable semi-annually on the last day of June and December, commencing on December 31, 2024 (the "Offering"). The Debentures will mature on June 30, 2029. Tidewater has also granted the Underwriters the option to purchase up to $13.0 ...