Civeo closes USD 100 million convertible notes deal, targets syndicated facility debt repayment
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Civeo completed a private offering of USD 100 million in 4.50% Convertible Senior Notes due 2031, netting approximately USD 96.2 million. Of these proceeds, USD 22.3 million was used to repurchase 660,297 common shares associated with the offering. The remaining funds are designated for repaying borrowings under its Amended and Restated Syndicated Facility Agreement.
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