{"id":978933,"date":"2026-07-06T17:35:56","date_gmt":"2026-07-06T21:35:56","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/oceaneering-announces-increase-in-revolving-credit-facility-to-345-million\/"},"modified":"2026-07-06T17:35:56","modified_gmt":"2026-07-06T21:35:56","slug":"oceaneering-announces-increase-in-revolving-credit-facility-to-345-million","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/oceaneering-announces-increase-in-revolving-credit-facility-to-345-million\/","title":{"rendered":"Oceaneering Announces Increase in Revolving Credit Facility to $345 Million"},"content":{"rendered":"

<\/p>\n

Oceaneering Announces Increase in Revolving Credit Facility to $345 Million<\/b><\/p>\n

HOUSTON–(BUSINESS WIRE<\/a>)–
\nOceaneering International, Inc. (\u201cOceaneering\u201d) (NYSE:OII) announced today that it has entered into an amendment to its senior secured revolving credit facility (\u201cCredit Facility\u201d) to, among other things, increase the commitments from $215 million to $345 million and extend the maturity date from April 2027 to July 2031. The Credit Facility includes the ability to upsize by an additional $85 million and letter of credit availability of $150 million.<\/p>\n

\nMike Sumruld, Oceaneering\u2019s Senior Vice President and Chief Financial Officer, stated, “We are pleased to announce this amendment to our revolving credit facility, which provides additional financial flexibility to support our ongoing operations, strategic priorities, and growth initiatives. We appreciate the continued support of our bank group, which includes both long-standing relationship banks and new participating lenders.”<\/p>\n

\nAbout Oceaneering<\/p>\n

\nOceaneering is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries.<\/p>\n

\nFor more information, please visit www.oceaneering.com<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260706800195\/en\/<\/a><\/span><\/p>\n

\nHilary Frisbie
\n
Senior Director, Investor Relations
\n
Oceaneering International, Inc.
\n
713-329-4755
\n
investorrelations@oceaneering.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Texas<\/p>\n

INDUSTRY KEYWORDS:<\/b> Technology Other Defense Other Energy Engineering Oil\/Gas Aerospace Manufacturing Energy Robotics Defense<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
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<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Oceaneering Announces Increase in Revolving Credit Facility to $345 Million HOUSTON–(BUSINESS WIRE)– Oceaneering International, Inc. (\u201cOceaneering\u201d) (NYSE:OII) announced today that it has entered into an amendment to its senior secured revolving credit facility (\u201cCredit Facility\u201d) to, among other things, increase the commitments from $215 million to $345 million and extend the maturity date from April 2027 to July 2031. The Credit Facility includes the ability to upsize by an additional $85 million and letter of credit availability of $150 million. Mike Sumruld, Oceaneering\u2019s Senior Vice President and Chief Financial Officer, stated, “We are pleased to announce this amendment to our revolving credit facility, which provides additional financial flexibility to support our ongoing operations, strategic priorities, and growth initiatives. We appreciate … <\/p>\n

Continue reading “Oceaneering Announces Increase in Revolving Credit Facility to $345 Million”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-978933","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nOceaneering Announces Increase in Revolving Credit Facility to $345 Million - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/oceaneering-announces-increase-in-revolving-credit-facility-to-345-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oceaneering Announces Increase in Revolving Credit Facility to $345 Million - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Oceaneering Announces Increase in Revolving Credit Facility to $345 Million HOUSTON–(BUSINESS WIRE)– Oceaneering International, Inc. (\u201cOceaneering\u201d) (NYSE:OII) announced today that it has entered into an amendment to its senior secured revolving credit facility (\u201cCredit Facility\u201d) to, among other things, increase the commitments from $215 million to $345 million and extend the maturity date from April 2027 to July 2031. The Credit Facility includes the ability to upsize by an additional $85 million and letter of credit availability of $150 million. Mike Sumruld, Oceaneering\u2019s Senior Vice President and Chief Financial Officer, stated, “We are pleased to announce this amendment to our revolving credit facility, which provides additional financial flexibility to support our ongoing operations, strategic priorities, and growth initiatives. 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