In October 2014, Oceaneering International Inc. entered into a $300 million term loan due 2017 and a $500 million revolving credit facility that matures in 2019. We are assigning a 'BBB' corporate credit rating to the company. We are assigning 'BBB' issue-level ratings to the company's term loan and revolving credit facility. Proceeds from the term loan are expected to be used to fund share repurchases and general corporate purposes. The outlook is stable, reflecting our expectation that funds from operations (FFO) to debt will remain about 70%. On Nov. 14, 2014, Standard&Poor's Ratings Services assigned its 'BBB' corporate credit rating to Houston-based Oceaneering International Inc. The outlook is stable. At the same time, we assigned our 'BBB'
