Key Developments: Oceaneering International Inc (OII.N)

OII.N on New York Stock Exchange

68.29USD
26 Nov 2014
Price Change (% chg)

$-1.28 (-1.84%)
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Latest Key Developments (Source: Significant Developments)

Oceaneering International Inc completes public offering of $500,000,000 aggregate principal amount of 4.650 pct senior notes due 2024 - Form 8-K
Friday, 21 Nov 2014 11:01am EST 

Oceaneering International Inc:On Nov. 21, Oceaneering completed the public offering of $500,000,000 aggregate principal amount of 4.650 pct senior notes due 2024.Notes were sold pursuant to an underwriting agreement dated Nov. 18, among Oceaneering and Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, as representatives of several underwriters named therein.Oceaneering will pay interest on notes on May 15 and Nov. 15 of each year, beginning on May 15, 2015.Notes are scheduled to mature on Nov. 15.Oceaneering may redeem some or all of the Notes at any time at the redemption prices set forth in the Supplemental Indenture.Intends to use net proceeds from the offering for general corporate purposes, which may include funding acquisitions and other capital expenditures and repurchases of outstanding shares of Oceaneering common stock.  Full Article

Oceaneering announces pricing of senior notes
Tuesday, 18 Nov 2014 03:45pm EST 

Oceaneering International Inc:Prices offering of $500 mln aggregate principal amount of 4.65 pct Senior Notes due 2024 at a public offering price of 99.614 pct.Offering is expected to close on Nov. 21.Intends to use the net proceeds of the proposed offering for general corporate purposes.Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, DNB Markets, Inc. and HSBC Securities (USA) Inc. are acting as joint book-running managers.Merrill Lynch, Pierce, Fenner & Smith Incorporated, Mitsubishi UFJ Securities (USA), and Standard Chartered Bank Inc. are acting as senior co-managers, and Barclays Capital Inc. is acting as co-manager.  Full Article

Oceaneering announces public offering of senior notes
Tuesday, 18 Nov 2014 08:57am EST 

Oceaneering International Inc:Intends to offer senior notes in an underwritten public offering.Intends to use the net proceeds of the proposed offering for general corporate purposes.Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, DNB Markets, Inc. and HSBC Securities (USA) Inc. are acting as joint book-running managers for the proposed offering.  Full Article

Oceaneering International Inc lowers high end of prior FY 2014 EPS guidance to a range below analysts' estimates; gives Q4 2014, FY 2015 EPS guidance below analysts' estimates
Wednesday, 29 Oct 2014 05:01pm EDT 

Oceaneering International Inc:Expects Q4 2014 EPS of $0.94 to $0.99.Expects FY 2014 EPS guidance range to $3.95 to $4.00 from $3.95 to $4.05.Expects FY 2015 EPS guidance with a range of $4.10 to $4.50, based on an average of 105.7 mln diluted shares.Q4 2014 EPS of $1.04 - Thomson Reuters I/B/E/S.FY 2014 EPS of $4.03 - Thomson Reuters I/B/E/S.FY 2015 EPS of $4.56 - Thomson Reuters I/B/E/S.  Full Article

Oceaneering International Inc declares quarterly dividend
Wednesday, 29 Oct 2014 05:00pm EDT 

Oceaneering International Inc:Declares regular quarterly dividend of $0.27 per common share.Payable Dec. 19 to shareholders of record on Nov. 28.  Full Article

Oceaneering International Inc announces $300 million term loan and $500 million revolving credit agreement
Monday, 27 Oct 2014 05:01pm EDT 

Oceaneering International Inc:Enters into a new credit agreement providing for a $300 mln three-year delayed-draw term loan and a $500 mln five-year revolving credit facility.New credit agreement replaces a prior agreement that was scheduled to mature on Jan. 06, 2017.Banks participating in the new credit agreement are Wells Fargo Bank, National Association, DNB Capital LLC, HSBC Bank USA, National Association, JPMorgan Chase Bank, N.A., Bank of America, N.A., Standard Chartered Bank, The Bank of Tokyo-Mitsubishi UFJ, Ltd., Credit Suisse AG, and Barclays Bank PLC.Amount available under the revolving credit facility may be increased to up to $800 mln at any time upon the agreement of Oceaneering and existing or additional lenders.Borrowings under the new credit agreement will be used to refinance advances outstanding under the prior agreement and for other general corporate purposes.Wells Fargo Securities, LLC, DNB Markets, Inc., J.P. Morgan Securities LLC, and HSBC Securities (USA) Inc. acted as joint lead arrangers and joint bookrunners for the new credit agreement.Wells Fargo is the Administrative Agent under the new credit agreement, DNB Bank ASA is the Syndication Agent, and HSBC and JPM are Documentation Agents.  Full Article

Oceaneering International Inc announces BP angola contract extension
Wednesday, 10 Sep 2014 05:01pm EDT 

Oceaneering International Inc:Exercises both one-year options to extend the Field Support Vessel Services contract with Oceaneering for work offshore Angola on Blocks 18 and 31.Under this contract term extension, Oceaneering will continue to provide project management, engineering, and vessel services through Jan. 2017.  Full Article

Oceaneering International Inc narrows FY 2014 EPS guidance; gives Q3 2014 EPS guidance in line with analysts' estimates
Wednesday, 23 Jul 2014 05:02pm EDT 

Oceaneering International Inc:Narrows FY 2014 EPS guidance range to $3.95 to $4.05 from $3.90 to $4.10.Initiates Q3 2014 EPS Guidance of $1.10 to $1.15.FY 2014 EPS of $4.04 - Thomson Reuters I/B/E/S.Q3 2014 EPS of $1.12 - Thomson Reuters I/B/E/S.  Full Article

Oceaneering International Inc declares quarterly dividend
Wednesday, 23 Jul 2014 05:01pm EDT 

Oceaneering International Inc:Declares a regular quarterly dividend of $0.27 per common share.Payable Sept. 19 to shareholders of record on Aug. 29.  Full Article

Oceaneering International Inc announces acquisition of Spectrum Sales and Services
Tuesday, 17 Jun 2014 05:40pm EDT 

Oceaneering International Inc:Acquires Spectrum Sales & Services LLC, nondestructive examination (NDE) company that has developed subsea pipeline inspection technology based on use of Electro Magnetic Acoustic Transducer (EMAT) technology.Spectrum currently serves the oil and gas, petrochemical, and power industries primarily in the Gulf Coast Region of the United States.  Full Article

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