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    Oceaneering Announces $100MM Revolving Credit Agreement with Five Banks

    July 01, 2003

    July 1, 2003 – Houston, Texas – Oceaneering International, Inc. (NYSE:OII) announced that it has entered into a four-year, $100 million revolving credit agreement with Wells Fargo Bank Texas, National Association (Wells Fargo), HSBC Bank USA (HSBC), Comerica Bank (Comerica), Den norske Bank ASA, and The Bank of Tokyo-Mitsubishi, Ltd. The amount available under the credit agreement can be increased to $125 million at any time upon the agreement of Oceaneering and existing or additional lenders.

    PR 858

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