Oceaneering amends revolver, increasing size, extending maturity

By Sara Rosenberg

New York, Jan. 22 - Oceaneering International Inc. amended its revolving credit facility, increasing the size to $300 million from $250 million and extending the maturity date to January 2012, according to a company news release.

Wells Fargo acted as administrative agent and lead arranger on the deal, DnB acted as syndication agent, and HSBC, Chase and Bank of Tokyo Mitsubishi acted as co-documentation agents.

There is a $150 million accordion feature.

Borrowings are available for general corporate purposes.

Oceaneering is a Houston-based oilfield provider of engineered services and products primarily to the offshore oil and gas industry.

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