Oceaneering International Inc. - 2012-01-13

Entered into a new $300-million, five-year revolving credit facility. Participating banks are Wells Fargo Bank, National Association, DNB Bank, HSBC Bank USA, JPMorgan Chase Bank, Bank of America, and Barclays Bank Plc. The amount available under the revolving credit facility can be increased to $500 million with the agreement of Oceaneering and existing or additional lenders. The facility will be used to refinance advances outstanding under the prior credit facility and for general corporate purposes. Wells Fargo Securities LLC and DNB Markets Inc. were joint lead arrangers and joint book-runners.