Simpson Thacher recently represented the initial purchasers, led by J.P. Morgan Securities LLC (“J.P. Morgan”) in connection with a Rule 144A and Reg S offering of $200 million aggregate principal amount of additional 6% Senior Notes due 2028 by Oceaneering International, Inc. (“Oceaneering”). Oceaneering used the proceeds, together with cash on hand, to fund a cash tender offer for any and all of its outstanding 4.65% Senior Notes due 2024. The Firm also represented J.P. Morgan as dealer manager in connection with the tender offer.
Oceaneering is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries.
The Simpson Thacher team included Dave Azarkh, Brian E. Rosenzweig, Maggie Selbe and Luke Riel (Capital Markets); Mike Isby (Environmental); Jon Cantor (Tax); Pasco Struhs (Executive Compensation and Employee Benefits); Corina Holland and Sarika Pandrangi (Intellectual Property); and Jennie Getsin (Blue Sky).