debt
confidence high
sentiment neutral
materiality 0.65
Oceaneering prices $500M 6.875% senior notes due 2034 to refinance 6% 2028 notes
OCEANEERING INTERNATIONAL INC
- Issues $500M aggregate principal of 6.875% Senior Notes due 2034 in private placement at par.
- Offering expected to close July 6, 2026, subject to customary conditions.
- Net proceeds, plus cash if needed, to fund concurrent tender offer for 6.000% Senior Notes due 2028.
- If tender not consummated, proceeds used for general corporate purposes, including debt repayment.
- Conditional full redemption of all outstanding 2028 Notes expected July 25, 2026.