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
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100