---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-297738"
form_type: "8-K"
ticker: "CVEO"
cik: "0001590584"
company_name: "Civeo Corp"
filed_at: "2026-07-07T22:10:07+00:00"
generated_at: "2026-07-08T10:05:46.209039+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Civeo issues $100M of 4.50% Convertible Senior Notes due 2031; uses proceeds for share repurchase and debt repayment

## Summary
- $100M aggregate principal of 4.50% Convertible Senior Notes due 2031 issued; initial purchasers have option for additional $15M.
- Net proceeds ~$96.2M; $22.3M used to repurchase 660,297 common shares; remainder to repay borrowings under syndicated facility.
- Initial conversion rate 24.6840 shares per $1,000 principal (conversion price ~$40.51); notes mature August 1, 2031.
- Notes redeemable at company's option on/after Aug 1, 2029 if stock price exceeds 130% of conversion price for 20 of 30 trading days.
- Issued in private placement under Rule 144A; common shares issuable upon conversion expected exempt under Section 3(a)(9).

## SEC filing metadata
- accession: 0001193125-26-297738
- form_type: 8-K
- ticker: CVEO
- cik: 0001590584
- company_name: Civeo Corp
- filed_at: 2026-07-07T22:10:07+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590584/000119312526297738/0001193125-26-297738-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590584/000119312526297738/d153591d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-297738
- JSON: https://secwatch.observer/filing/0001193125-26-297738.json
- Plain text: https://secwatch.observer/filing/0001193125-26-297738.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.