• Industries
  • Integrated Solutions
  • Products and Services
  • Careers
  • OII 14.77 +0.01 +0.07% Volume: 911,235 September 13, 2019

    Financial Press Releases

  • Industries
  • What's Next
    Discover How We Are
    Connecting What’s Needed with What’s Next™
    Find Out What's Next
  • Products & Services
  • Investor Relations
  • View all news

    Oceaneering Announces Public Offering of Senior Notes

    January 30, 2018

    HOUSTON, Jan. 30, 2018 /PRNewswire/ -- Oceaneering International, Inc. (NYSE: OII) announced today that it intends to offer, subject to market and other conditions, senior notes in an underwritten public offering. 

    Oceaneering intends to use the net proceeds of the proposed offering to repay outstanding term loan indebtedness and for general corporate purposes. Until the net proceeds are used for such purposes, Oceaneering intends to invest the net proceeds in short-term, liquid investments.

    Credit Suisse Securities (USA) LLC, Wells Fargo Securities, LLC, J.P. Morgan Securities LLC, DNB Markets, Inc., HSBC Securities (USA) Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated are acting as joint book-running managers for the proposed offering.  In addition, ABC AMRO Securities (USA) LLC, Standard Chartered Bank and Skandinaviska Enskilda Banken AB (publ.) are acting as co-managers.  When available, copies of the preliminary prospectus supplement and the accompanying prospectus relating to the offering may be obtained by contacting:

    Credit Suisse Securities (USA) LLC

    Eleven Madison Avenue

    New York, NY 10010

    Attention:  Prospectus Department

    1-800-221-1037

     

     

     

    J.P. Morgan Securities LLC

    383 Madison Avenue

    New York, NY 10179

    Attention:  Investment Grade Syndicate Desk,

    3rd Floor

    1-212-834-4533

     

    Wells Fargo Securities, LLC

    ‎602 2nd Avenue

    South Minneapolis, MN 55402

    Attention:  WFS Customer Service

    Toll-Free:  800-645-3751

    or by emailing wfscustomerservice@wellsfargo.com

    You may also obtain these documents free of charge by visiting EDGAR on the website of the Securities and Exchange Commission at www.sec.gov.

    The notes will be offered and sold pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission.

    This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering may be made only by means of a prospectus and related prospectus supplement filed with the Securities and Exchange Commission.  The prospectus and prospectus supplement are part of a shelf registration statement that has become effective under the Securities Act of 1933, as amended.

    In accordance with the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, Oceaneering International, Inc. cautions that statements in this press release that are forward-looking involve risks and uncertainties.  The forward-looking statements in this press release concern Oceaneering's offering of the notes and intended use of proceeds.  Although Oceaneering's management believes that the expectations reflected in these forward-looking statements are reasonable, Oceaneering can give no assurance that these expectations will prove to have been correct.  These statements are made based on various underlying assumptions and are subject to numerous risks and uncertainties.  Should one or more of these risks or uncertainties materialize, or should the assumptions underlying the forward-looking statements prove incorrect, actual outcomes could vary materially from those indicated. For a more complete discussion of these risk factors, please see Oceaneering's latest annual report on Form 10-K for the year ended December 31, 2016 and subsequent quarterly reports on Form 10-Q filed with the Securities and Exchange Commission.

    Oceaneering is a global provider of engineered services and products, primarily to the offshore oil and gas industry.  Through the use of its applied technology expertise, Oceaneering also serves the defense, entertainment, and aerospace industries.

    Contact:
    Suzanne Spera
    Director, Investor Relations
    Oceaneering International, Inc.
    713-329-4707
    investorrelations@oceaneering.com

     

    Cision View original content:http://www.prnewswire.com/news-releases/oceaneering-announces-public-offering-of-senior-notes-300590171.html

    SOURCE Oceaneering International, Inc.

    Categories: Press Releases
    View all news