Oceaneering Announces Results of Cash Tender Offer for its Outstanding 4.650% Senior Notes due 2024

Source: www.gulfoilandgas.com 9/27/2023, Location: North America

Oceaneering International, Inc. (“Oceaneering”) (NYSE: OII) announced today the expiration and results of the previously announced cash tender offer to purchase any and all of its outstanding 4.650% Senior Notes due 2024 (the “Notes”). The cash tender offer was announced on September 20, 2023 and was made pursuant to the Offer to Purchase dated September 20, 2023 (the “Offer to Purchase”) and the related Notice of Guaranteed Delivery (together, the “Tender Offer Documents”).

The tender offer expired at 5:00 p.m., New York City time, on September 26, 2023 (the “Expiration Time”). As of the Expiration Time, an aggregate principal amount of $311,165,000, or approximately 77.8%, of the Notes were validly tendered and not validly withdrawn. In addition, $3,191,000 aggregate principal amount of the Notes were tendered pursuant to the guaranteed delivery procedures described in the Tender Offer Documents.

Subject to the completion of Oceaneering’s previously announced offering of $200,000,000 aggregate principal amount of additional 6.000% Senior Notes due 2028 (the “2028 Notes”) in a private placement to eligible purchasers, which is expected to close on October 2, 2023, subject to customary closing conditions, Oceaneering expects to accept for purchase all Notes validly tendered and not validly withdrawn at or prior to the Expiration Time and all Notes properly delivered pursuant to guaranteed delivery procedures and expects to make payment for all such Notes on October 2, 2023.

J.P. Morgan Securities LLC acted as dealer manager (the “Dealer Manager”) for the tender offer. Global Bondholder Services Corporation served as the Depositary and Information Agent for the tender offer.


Italy >>  12/1/2023 - Eni announces that it has received a Gold Standard within the Oil and Gas Methane Partnership 2.0 (OGMP 2.0) program as reported today in the Internat...
Nigeria >>  12/1/2023 - ADM Energy PLC, a natural-resources investing company, announces that the Board of Directors have completed an internal review of existing investments...

Canada >>  11/30/2023 - Polar Power, Inc. (NASDAQ: POLA), (“Polar Power” ) announced the pricing of its previously announced underwritten public offering of 4,000,000 shares ...
Canada >>  11/30/2023 - International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) reports the following, in accordance with the Swedish Finan...

Namibia >>  11/30/2023 - Funding secured via an equity raise to meet obligations relating to the Walvis Basin License PEL94 in Namibia and for Working Capital purposes.

Norway >>  11/30/2023 - Gross Management AS, a company owned by Glen O. Rødland, Chair of the Board of Directors of Prosafe SE, has acquired 17,500 shares in Prosafe SE at ...




Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.