Financing ·
Oceaneering issues $500M of 6.875% senior notes due 2034 to fund tender offer for 2028 debt
OIIOceaneering International Inc
Oceaneering International, Inc. entered into a purchase agreement with J.P. Morgan Securities LLC to issue and sell $500,000,000 aggregate principal amount of 6.875% Senior Notes due 2034 in a private placement. The company intends to use the net proceeds to fund the purchase of its 6.000% Senior Notes due 2028 in a previously announced tender offer, with any remaining proceeds used for general corporate purposes. Oceaneering International, Inc. provides subsea engineering and robotics solutions for the offshore energy industry.