Oceaneering (OII) Enters New $300M Revolving Facility
Tweet
Share
E-mailGet Alerts OII Hot Sheet
Join SI Premium – FREE
Oceaneering International, Inc. (NYSE: OII) has entered into a new credit agreement for a $300 million revolving credit facility.
The new agreement replaces a prior credit agreement that was set to expire January 22, 2012. The new agreement became effective immediately and will remain in effect for five years. The banks participating in the new credit agreement are Wells Fargo Bank, National Association ("Wells Fargo"), DNB Bank ASA ("DNB"), HSBC Bank USA, N.A., JPMorgan Chase Bank, N.A., Bank of America, N.A., and Barclays Bank PLC. The amount available under the revolving credit facility can be increased to up to $500 million at any time upon the agreement of Oceaneering and existing or additional lenders.
The new agreement replaces a prior credit agreement that was set to expire January 22, 2012. The new agreement became effective immediately and will remain in effect for five years. The banks participating in the new credit agreement are Wells Fargo Bank, National Association ("Wells Fargo"), DNB Bank ASA ("DNB"), HSBC Bank USA, N.A., JPMorgan Chase Bank, N.A., Bank of America, N.A., and Barclays Bank PLC. The amount available under the revolving credit facility can be increased to up to $500 million at any time upon the agreement of Oceaneering and existing or additional lenders.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Nvidia makes minority investment in Cloverleaf Infrastructure
- Westlake Corp adds dual listing on NYSE Texas exchange
- Space-Eyes names four directors ahead of planned Nasdaq listing
Create E-mail Alert Related Categories
Corporate NewsRelated Entities
JPMorgan, Barclays, HSBC, Wells FargoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
