Business Wire·Jun 30, 2026, 5:01 PM ET

Oceaneering Announces Pricing Terms of Cash Tender Offer for Any and All of Its Outstanding 6.000% Senior Notes Due 2028

Oceaneering International, Inc. announced pricing terms for its cash tender offer to purchase $500 million of its 6.000% Senior Notes due 2028.
The offer was initially announced on June 24, 2026, & expires at 5:00 p.m. New York City time on June 30, 2026.
The purchase price is $1,018.46 per $1,000 principal amount, calculated using a fixed spread of 40 basis points & the yield of the referenced U.S. Treasury security.
Successful tendering holders will receive accrued & unpaid interest from the last interest payment date through the settlement date.
Notes validly tendered may be withdrawn prior to the expiration time or after 60 business days if the offer is not consummated.
Guaranteed delivery of notes must be completed by 5:00 p.m. New York City time on July 2, 2026.
Settlement & payment for accepted notes are scheduled for July 6, 2026.
The offer is not subject to a minimum tender amount & Oceaneering intends to redeem any remaining outstanding notes following the offer.
J.P. Morgan Securities LLC serves as the dealer manager for the transaction.
Oceaneering plans to fund the purchase with proceeds from a contemporaneous offering of senior notes.