secwatch.observer — SEC 8-K summary
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Issuer:     Civeo Corp (CVEO)
CIK:        0001590584
Form:       8-K
Filed at:   2026-07-07T22:10:07+00:00
Accession:  0001193125-26-297738
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590584/000119312526297738/0001193125-26-297738-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590584/000119312526297738/d153591d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-297738

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