secwatch.observer — SEC 8-K summary
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Issuer:     Civeo Corp (CVEO)
CIK:        0001590584
Form:       8-K
Filed at:   2021-09-08T23:59:59+00:00
Accession:  0001590584-21-000105
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Civeo enters $200M revolver and C$100M term loan, maturing Sept 2025
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- $200M 4-year revolver ($155M US, $10M US sub, $35M AU) plus C$100M Canadian term loan.
- At closing, C$100M term loan fully drawn; $135.4M outstanding under revolver.
- Interest: LIBOR/B/A/BBSY + 3.00%-4.00% or base + 2.00%-3.00%; leverage and coverage covenants.
- Replaces prior credit agreement dated April 2, 2018.
- Matures Sept 8, 2025; quarterly C$10M amortization on term loan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590584/000159058421000105/0001590584-21-000105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590584/000159058421000105/cveo-20210908.htm
  HTML page:      https://secwatch.observer/filing/0001590584-21-000105

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