Civeo Corporation (Canada) filed SEC Form 8-K: Completion of Acquisition or Disposition of Assets, Financial Statements and Exhibits
$CVEO
Hotels/Resorts
Consumer Discretionary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________________
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): May 6, 2025
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Item 2.01. Completion of Acquisition or Disposition of Assets.
On May 6, 2025, a wholly owned subsidiary of Civeo Corporation (the “Company”), Civeo Pty Ltd (the “Buyer”), completed its previously announced acquisition of four villages with 1,340 rooms in Australia’s Bowen Basin and the associated assets and customer contracts pursuant to an Asset Sale and Purchase Agreement (the “Purchase Agreement”), dated February 18, 2025, between the Company, the Buyer, the seller parties named therein (collectively, the “Sellers”), and Graham William Cleary as the Seller Guarantor. The Company paid to the Sellers an amount of cash equal to A$105,000,000 which was funded with cash on hand and borrowings under the Company’s revolving credit facility.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number | Description of Document | ||||
2.1 | Asset Sale and Purchase Agreement, dated February 18, 2025, between Civeo Pty Ltd, the sellers party thereto and Graham William Cleary, as seller guarantor (incorporated herein by reference to Exhibit 2.1 to the Company’s Quarterly Report on Form 10-Q (File No. 001-36246) filed on April 30, 2025). | ||||
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) | ||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: May 7, 2025
CIVEO CORPORATION
By: /s/ E. Collin Gerry ,
Name: E. Collin Gerry
Title: Senior Vice President, Chief Financial Officer and Treasurer