---
schema_version: "secwatch.filing_event.v1"
accession: "0001590584-26-000042"
form_type: "8-K"
ticker: "CVEO"
cik: "0001590584"
company_name: "Civeo Corp"
filed_at: "2026-04-28T23:59:59+00:00"
generated_at: "2026-05-15T02:51:33.198435+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Civeo amends credit facility: maturity extended to 2030, facility upsized to $285M

## Summary
- Maturity date extended to April 23, 2030 on $285M revolving facility up from $265M.
- Facility allocated: $205M U.S. revolver, $10M U.S. sub, $70M Australian revolver.
- Interest margin: adjusted SOFR/CORRA/BBSY + 2.50%-3.75% based on leverage.
- Max total net leverage covenant 3.00x (or 3.50x post-qualified debt offering); max senior secured net leverage 2.50x.
- Obligations secured by substantially all assets and guaranteed by significant subsidiaries.

## SEC filing metadata
- accession: 0001590584-26-000042
- form_type: 8-K
- ticker: CVEO
- cik: 0001590584
- company_name: Civeo Corp
- filed_at: 2026-04-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590584/000159058426000042/0001590584-26-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590584/000159058426000042/cveo-20260423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001590584-26-000042
- JSON: https://secwatch.observer/filing/0001590584-26-000042.json
- Plain text: https://secwatch.observer/filing/0001590584-26-000042.txt

## Source-grounded claims
- claim_id: e1956af796dfab5acb03d2a21a3f6bfd5ce15250
  claim: Civeo Corp amended revolving credit of $285.0 million with Royal Bank of Canada, as Administrative Agent at adjusted Term SOFR plus 2.50% to 3.75% maturing April 23, 2030.
  evidence_excerpt: The A&R Syndicated Facility Agreement amends and restates the Existing Syndicated Facility Agreement to (i) extend the maturity date until April 23, 2030, (ii) upsize the total aggregate revolving loan commitments by $20.0 million, and (iii) provide for other technical changes and amendments.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590584/000159058426000042/0001590584-26-000042-index.htm
- claim_id: 4f6105581913fb62b22e4595e2679a203863b2cf
  claim: Civeo Corp entered into Amended and Restated Syndicated Facility Agreement with Royal Bank of Canada, as Administrative Agent valued at $285.0 million (effective 2026-04-23).
  evidence_excerpt: On April 23, 2026, Civeo Corporation (the “Company”) entered into the Amended and Restated Syndicated Facility Agreement (the “A&R Syndicated Facility Agreement”) to amend and restate in its entirety that certain Syndicated Facility Agreement dated as of September 8, 2021
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590584/000159058426000042/0001590584-26-000042-index.htm

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