Civeo prices $100M convertible notes due 2031; renews Western Canada contract through 2032

Civeo Corp

Priced $100M of 4.50% convertible senior notes due 2031; initial purchasers have option for additional $15M.
Net proceeds ~$96.2M; $22.3M used to repurchase 660,297 shares concurrently; remainder to repay debt.
Conversion price ~$40.51 per share, a 20% premium over $33.76 closing price on July 1, 2026.
Western Canada joint venture awarded six-year contract renewal through June 30, 2032, superseding 2027 expiry.
Contract covers workforce accommodations and hospitality services across Civeo's lodge network.

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