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Tidewater Marine Services Watch

Marine repair and dockage · Loan + revenue share · $7.5M deployed · Last report Oct 13

Investor

Total Thorne capital in the company.
$7.5M
$6.0M loan + $1.5M revenue-share warrant
Outstanding principal including interest added to the loan (PIK). New, added by Your Cohort
$5.7M
Includes $0.15M of added interest
Annualized return on all cash in and out, with the open position at fair value. New, added by Your Cohort
9.4%
Since May 2025
(Cash returned + fair value) ÷ capital deployed. New, added by Your Cohort
1.07x
Returned + current value ÷ invested

Revenue-share check

Company's number vs Thorne's calculation

Monthly
Revenue-share check for September
SeptemberCompany saysThorne calculatesDifference
Revenue counted$2.40M$2.40MMatches
Revenue share due (2%)$48.0k$48.0kMatches

Both sides count the same gross revenue, including dockage fees.

Payments received

Payments received by Thorne
DateExpectedReceivedStatus
Oct 15$68k$68kPaid
Sep 15$68k$68kPaid
Aug 15$68k$68kPaid

Coming up

  • Cash sweep
    Nov 15
    ~$25k
  • Quarterly cash interest
    Dec 31
    $0.17M
  • Interest added to the loan (PIK)
    Accrues monthly
    $0.15M so far

New marks a measure Your Cohort adds to Thorne’s reporting · fictional companies and figures · thresholds are placeholders · select or hover any dotted label for its definition