Financing ·
Civeo Corporation completed a private unregistered offering of $100,000,000 aggregate principal amount of 4.50%…
CVEOCiveo Corp
Civeo Corporation completed a private unregistered offering of $100,000,000 aggregate principal amount of 4.50% Convertible Senior Notes due 2031, receiving net proceeds of approximately $96.2 million. The company used $22.3 million of the proceeds to repurchase 660,297 common shares concurrently with the pricing. The remaining proceeds will be used to repay outstanding borrowings under its Syndicated Facility Agreement. Civeo Corp is a provider of remote workforce accommodation and camp management services.