Oceaneering launches $500M debt refinancing, tendering for all 2028 notes at 6.00%

Filed June 24, 2026 · Period ending June 24, 2026 · ~1 min read

Key Changes

• high

  Oceaneering is offering $500M in new senior notes due 2034 via private placement to qualified institutional buyers, with proceeds earmarked to repurchase its existing 6.00% notes due 2028 and for general corporate purposes including potential additional debt reduction.

  Exhibit 99.1 verify on EDGAR →
• high

  The company launched a tender offer to repurchase all $500M outstanding principal of its 6.00% Senior Notes due 2028, priced at a 40 basis point spread over the 3.50% Treasury due October 2027, expiring June 30, 2026 and conditioned on completing debt financing.

  Exhibit 99.3 verify on EDGAR →
• high

  Oceaneering is in advanced discussions to amend its revolving credit facility, increasing commitments from $215M to up to $345M, extending maturity from 2027 to 2031, and reducing borrowing costs, though the amendment is contingent on completing the notes offering and commencing the tender.

  Exhibit 99.2 verify on EDGAR →