# OCEANEERING INTERNATIONAL INC (OII) — capital_raise [completed]
Source: SEC API (secapi.ai) · situation sit_8ace9a92a5e56d7a93e1 · retrieved 2026-08-11T16:16:33.446Z

## Overview
Oceaneering International is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries.

Oceaneering International initiated a series of financing transactions to refinance its 2028 senior notes. The company issued $500 million aggregate principal amount of 6.875% senior notes due 2034. Concurrently, it completed a tender offer for the outstanding 2028 senior notes. Additionally, the company amended its senior secured revolving credit facility, increasing commitments from $215 million to $345 million and extending the facility's maturity to July 2031. These transactions are expected to be completed during the third quarter of 2026.

## Terms
- Deal value: $500.0M

## Key dates
- Announced 2026-07-22 · Expected close 2026-09-30 · Completed 2026-07-07

## Timeline
- 2026-07-07 · 8-K (0000073756-26-000127): Oceaneering issues $500M 6.875% senior notes due 2034; extends credit facility to 2031 — *Oceaneering International, Inc. provides oil and gas field services, including subsea engineering, robotics, and offshore equipment solutions.* On July 6, 2026, Oceaneering International, Inc. completed a private placement of $500,000,000 aggregate principal amount of 6.875% Senior Notes due July 15, 2034. The notes were issued under a Fourth Supplemental Indenture to the Base Indenture dated November 21, 2014, with Computershare Trust Company, N.A. as trustee. Interest accrues at 6.875% per annum, payable on January 15 and July 15 of each year, commencing January 15, 2027. The notes are unsecured senior obligations ranking equally with existing senior debt and senior to subordinated debt. Concurrently, Oceaneering amended its senior secured revolving credit facility, increasing commitments from $215,000,000 to $345,000,000, extending the maturity from 2027 to 2031, and reducing applicable margins by 25 basis points.
  https://www.sec.gov/Archives/edgar/data/73756/0000073756-26-000127.txt
- 2026-07-22 · 8-K (0000073756-26-000134): 8-K - OCEANEERING INTERNATIONAL INC — *Oceaneering International is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries.* Oceaneering International initiated a series of financing transactions to refinance its 2028 senior notes. The company issued $500 million aggregate principal amount of 6.875% senior notes due 2034. Concurrently, it completed a tender offer for the outstanding 2028 senior notes. Additionally, the company amended its senior secured revolving credit facility, increasing commitments from $215 million to $345 million and extending the facility's maturity to July 2031. These transactions are expected to be completed during the third quarter of 2026.
  https://www.sec.gov/Archives/edgar/data/73756/0000073756-26-000134.txt

## Citations
- 0000073756-26-000127 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000007375626000127
- 0000073756-26-000134 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000007375626000134