Oceaneering prices $500 million senior notes offering
The subsea robotics provider priced the notes at a 6.875% coupon rate.
Oceaneering International (OII), the subsea robotics provider, priced a $500 million private offering of Senior Notes due 2034.
The company set the coupon rate for the offering at 6.875%. This follows an initial announcement of the offering made on June 24, 2026.
Oceaneering established a closing date of July 6, 2026, for the transaction.
The company said it intends to use the proceeds from the offering to fund the purchase of 6.000% Senior Notes due 2028.