Oceaneering International’s Financial Strategy: Navigating Increased Cash Usage and Debt Management in 2024
Oceaneering International (OII) has disclosed a new risk, in the Debt & Financing category. Oceaneering International faces a business risk related to its financing activities, as evidenced by the notable increase in cash used from $5.1 million in 2023 to $17 million in 2024, largely attributed to the repurchase of company shares and tax withholding payments. As of September 30, 2024, the company holds significant long-term debt of $500 million in 2028 Senior Notes, with interest payments due se
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