Oceaneering shares are trading lower after the company announced a private offering of $200 million of senior notes.
Portfolio Pulse from Benzinga Newsdesk
Oceaneering International Inc. (OII) has announced a private offering of $200 million of senior notes, causing its shares to trade lower.
September 20, 2023 | 12:41 pm
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Oceaneering International Inc.'s stock is trading lower after the company announced a private offering of $200 million of senior notes.
The announcement of a private offering of senior notes typically dilutes the value of existing shares, leading to a decrease in the stock price. This is likely the reason for the observed decrease in Oceaneering's stock price.
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