Oceaneering is launching a private offering of $500 million in senior notes due 2034. The proceeds will be used to fund a cash tender offer for all of its outstanding 6.000% senior notes due 2028. The company is also in advanced discussions to amend its senior secured revolving credit facility to increase commitments from $215 million to $345 million and extend maturity to 2031. The tender offer is scheduled to expire on June 30, 2026, with a settlement date expected on July 6, 2026.