secwatch.observer — SEC 8-K summary
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Issuer:     Civeo Corp (CVEO)
CIK:        0001590584
Form:       8-K
Filed at:   2026-04-28T23:59:59+00:00
Accession:  0001590584-26-000042
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590584/000159058426000042/0001590584-26-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590584/000159058426000042/cveo-20260423.htm
  HTML page:      https://secwatch.observer/filing/0001590584-26-000042

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer