Oceaneering extended the maturity of its $300 million term loan and $500 million revolving credit facility to October 25, 2020 and October 25, 2019, respectively. Wells Fargo was administrative agent for the transaction.

According to a related 8-K filing, Oceaneering amended the credit facility so the total commitments for the revolving credit facility will be $500 million until October 25, 2020 and $450 million until October 25, 2021, and the outstanding term loan maturities pursuant to the term loan facility will be $300 million until October 27, 2018 and $270 million until October 25, 2019.

Wells Fargo, DNB Capital, HSBC Bank, JPMorgan Chase, Bank of America, Standard Chartered Bank, Credit Suisse, Skandinaviska Enskilda Banken and The Bank of Tokyo-Mitsubishi served as lenders.