secwatch.observer — SEC 8-K summary
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Issuer:     OCEANEERING INTERNATIONAL INC (OII)
CIK:        0000073756
Form:       8-K
Filed at:   2023-09-20T23:59:59+00:00
Accession:  0001193125-23-238090
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oceaneering offers $200M of 6.00% notes due 2028, tenders for $400M of 4.65% notes due 2024
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- Issuing additional $200M principal of 6.000% Senior Notes due 2028, reopening existing $300M series.
- Commencing cash tender offer for any and all of its $400M outstanding 4.650% Senior Notes due 2024 at $1,000 per $1,000.
- Tender offer expires Sept 26, 2023; settlement expected Oct 2, 2023; conditioned on debt financing.
- Net proceeds plus cash on hand to fund the tender; any excess for general corporate purposes.
- Credit agreement amendment extends lender commitments to April 8, 2027, contingent on note issuance and tender.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/73756/000119312523238090/0001193125-23-238090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/73756/000119312523238090/d508249d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-238090

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