# Civeo Corp (CVEO) — capital_raise/public_offering [completed]
Source: SEC API (secapi.ai) · situation sit_b2e8ff36c9557135ce5d · retrieved 2026-08-11T16:03:00.533Z

## Overview
Civeo Corporation is a leading provider of hospitality services with prominent market positions in the Australian natural resource regions and the Canadian oil sands, offering comprehensive solutions for lodging hundreds or thousands of workers with long-term and temporary accommodations and providing food services, housekeeping, facility management, laundry, water and wastewater treatment, power…

Civeo Corporation issued $115.0 million aggregate principal amount of 4.50% convertible senior notes due August 1, 2031, with the offering closing on July 7, 2026. The notes bear interest at a fixed rate of 4.50% per annum and have an initial conversion price of approximately $40.51 per share, representing a 20% premium to the closing price of Civeo's common shares on July 1, 2026. Concurrent with the convertible notes offering, Civeo repurchased 660,297 of its common shares for approximately $22.3 million, with approximately 111,000 shares completing a previously authorized 20% share repurchase program and the remaining approximately 549,000 shares applied to a new 10% authorization.

## Terms
- Counterparty: Initial Purchasers · Deal value: $115.0M · Consideration: cash · Premium: 20.0% · Price/share: $40.51

## Key dates
- Announced 2026-07-30 · Expiry 2031-08-01 · Expected close 2026-07-07 · Completed 2026-07-07

## Timeline
- 2026-07-07 · 8-K (0001193125-26-297738): Civeo issues $100M convertible notes due 2031; repurchases 660K shares for $22.3M — *Civeo Corporation operates accommodations and lodging facilities for the resource industry.* On July 7, 2026, Civeo Corporation completed a private unregistered offering of $100,000,000 aggregate principal amount of 4.50% Convertible Senior Notes due August 1, 2031. The initial purchasers received an option to purchase up to an additional $15,000,000 principal amount of Notes within 13 days. The Notes bear interest at 4.50% per annum, payable semi-annually on February 1 and August 1, beginning February 1, 2027. The Company received net proceeds of approximately $96.2 million after deducting discounts and offering expenses. Concurrently with pricing, the Company used approximately $22.3 million of net proceeds to repurchase 660,297 common shares. The initial conversion rate is 24.6840 common shares per $1,000 principal amount of Notes, representing an initial conversion price of approximately $40.51 per share.
  https://www.sec.gov/Archives/edgar/data/1590584/0001193125-26-297738.txt
- 2026-07-30 · 8-K (0001590584-26-000075): 8-K - Civeo Corp — *Civeo Corporation is a leading provider of hospitality services with prominent market positions in the Australian natural resource regions and the Canadian oil sands, offering comprehensive solutions for lodging hundreds or thousands of workers with long-term and temporary accommodations and providing food services, housekeeping, facility management, laundry, water and wastewater treatment, power…* Civeo Corporation issued $115.0 million aggregate principal amount of 4.50% convertible senior notes due August 1, 2031, with the offering closing on July 7, 2026. The notes bear interest at a fixed rate of 4.50% per annum and have an initial conversion price of approximately $40.51 per share, representing a 20% premium to the closing price of Civeo's common shares on July 1, 2026. Concurrent with the convertible notes offering, Civeo repurchased 660,297 of its common shares for approximately $22.3 million, with approximately 111,000 shares completing a previously authorized 20% share repurchase program and the remaining approximately 549,000 shares applied to a new 10% authorization.
  https://www.sec.gov/Archives/edgar/data/1590584/0001590584-26-000075.txt

## Citations
- 0001193125-26-297738 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526297738
- 0001590584-26-000075 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000159058426000075