secwatch / observer
8-K filed October 4, 2023, 7:59 PM ET ticker OII CIK 0000073756
debt confidence high sentiment neutral materiality 0.55

OCEANEERING INTERNATIONAL INC (OII): debt financing — Oceaneering issues $200M additional 6% Senior Notes due 2028; redeems $87.9M 2024 Notes

OCEANEERING INTERNATIONAL INC

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

OCEANEERING INTERNATIONAL INC incurred senior notes of $200,000,000 aggregate principal amount with Initial purchasers (J.P. Morgan Securities LLC as representative) at 6.000% per annum maturing February 1, 2028.

Instrument
senior notes
Principal
$200,000,000 aggregate principal amount
Counterparty
Initial purchasers (J.P. Morgan Securities LLC as representative)
Rate
6.000% per annum
Maturity
February 1, 2028
Event
incurrence
Exact text from the filing
On October 2, 2023, Oceaneering International, Inc. (“Oceaneering”) completed a private placement (the “Offering”) of $200,000,000 aggregate principal amount of additional 6.000% Senior Notes due 2028 (the “2028 Notes”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

OCEANEERING INTERNATIONAL INC entered into Third Supplemental Indenture with Computershare Trust Company, N.A. valued at $200,000,000 aggregate principal amount (effective 2023-10-02).

Action
entry
Agreement
notes offering
Counterparty
Computershare Trust Company, N.A.
Value
$200,000,000 aggregate principal amount
Effective
2023-10-02
Exact text from the filing
The 2028 Notes were issued under an Indenture, dated November 21, 2014 (the “Base Indenture”), between Oceaneering and Computershare Trust Company, N.A., as successor to Wells Fargo Bank, National Association, as trustee (the “Trustee”), as supplemented by a Second Supplemental Indenture, dated February 6, 2018, between Oceaneering and the Trustee (the “Second Supplemental Indenture”) and a Third Supplemental Indenture, dated October 2, 2023, between Oceaneering and the Trustee
View on SEC.gov

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OCEANEERING INTERNATIONAL INC filing history →

Source: SEC EDGAR
accession 0000073756-23-000128
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