Oceaneering issues $500M senior notes at 6.875%, upsizes credit facility to $345M

Filed July 7, 2026 · Period ending July 6, 2026 · ~1 min read

Key Changes

• high

  Issued $500M of 6.875% senior notes due 2034 via private placement to qualified institutional buyers; notes are unsecured and rank equally with existing senior debt, with semi-annual interest payments starting January 2027.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• high

  Amended revolving credit facility, increasing commitments from $215M to $345M and extending maturity from April 2027 to July 2031; includes $85M accordion feature and $150M letter of credit capacity.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  Reduced credit facility interest margins: Base Rate loans now 1.00%-2.00% (from 1.25%-2.25%) and Term SOFR loans 2.00%-3.00% (from 2.25%-3.25%), both based on leverage ratio.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →