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Oceaneering - Tender Offer - Launch

Oceaneering Announces Cash Tender Offer for Any and All of its Outstanding 4.650% Senior Notes due 2024 (and Private Offering)

20 SEPTEMBER 2023


Full announcement including disclaimers and offer restrictions available via Oceaneering International, Inc.(Tender) & Oceaneering International, Inc. (Private Offering)


"HOUSTON--(BUSINESS WIRE)--Oceaneering International, Inc. (“Oceaneering”) (NYSE: OII) announced today that it has commenced a cash tender offer to purchase any and all of its outstanding 4.650% Senior Notes due 2024 (the “Notes”) for the consideration described below."


* Per $1,000 principal amount of Notes. The consideration per $1,000 principal amount of Notes validly tendered and accepted for purchase pursuant to the tender offer shall be the purchase price set forth in the table above, plus accrued and unpaid interest from the last applicable interest payment date to, but not including, the Settlement Date (as defined below).


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"Purpose of the Tender Offer........


The purpose of the Tender Offer is to reduce the principal amount outstanding of the Notes. We intend to retire and cancel any Notes that are validly tendered and accepted for purchase pursuant to the Tender Offer. We reserve the right, in our sole discretion, to redeem any of the Notes that remain outstanding after the completion of the Tender Offer in accordance with the terms of the indenture governing the Notes or to repurchase the Notes in open market purchases, privately negotiated transactions or otherwise, upon such terms and at such prices as we may determine, which in each case may be more or less than the price to be paid pursuant to the Tender Offer. This Offer to Purchase does not constitute a notice of redemption or an obligation to issue a notice of redemption. There can be no assurance that any Notes that remain outstanding after the completion of the Tender Offer will be redeemed or otherwise repurchased."


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