Oceaneering Announces Private Offering of $200 Million of Senior Notes
Retrieved on:
Wednesday, September 20, 2023
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Oceaneering International, Inc. (“Oceaneering”) (NYSE: OII) announced today that it intends to offer $200,000,000 aggregate principal amount of additional 6.000% Senior Notes due 2028 (the “2028 Notes”) in a private placement to eligible purchasers.
Key Points:
- Oceaneering International, Inc. (“Oceaneering”) (NYSE: OII) announced today that it intends to offer $200,000,000 aggregate principal amount of additional 6.000% Senior Notes due 2028 (the “2028 Notes”) in a private placement to eligible purchasers.
- The 2028 Notes will constitute an additional issuance of Oceaneering’s outstanding 6.000% Senior Notes due 2028, which Oceaneering issued on February 6, 2018 in an aggregate principal amount of $300,000,000, and will form a single series with such notes.
- Oceaneering intends to use the net proceeds from the proposed offering, together with cash on hand, if necessary, to fund the purchase of any and all of its 4.650% Senior Notes due 2024 (the “Tender Notes”) validly tendered and accepted for purchase in the concurrent cash tender offer announced today (the “Tender Offer”).
- This press release does not constitute an offer to purchase or a solicitation of an offer to sell any of the Tender Notes.