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EX-4.2 - EX-4.2 - OCEANEERING INTERNATIONAL INCd514732dex42.htm
EX-1.1 - EX-1.1 - OCEANEERING INTERNATIONAL INCd514732dex11.htm
8-K - 8-K - OCEANEERING INTERNATIONAL INCd514732d8k.htm

Exhibit 5.1

 

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ONE SHELL PLAZA

910 LOUISIANA

HOUSTON, TEXAS

77002-4995

 

TEL +1 713.229.1234

FAX +1 713.229.1522

www.bakerbotts.com

  

AUSTIN

BEIJING

BRUSSELS

DALLAS

DUBAI

HONG KONG

HOUSTON

  

LONDON

MOSCOW

NEW YORK

PALO ALTO

RIYADH

SAN FRANCISCO

WASHINGTON

February 6, 2018

Oceaneering International, Inc.

11911 FM 529

Houston, Texas 77041

Ladies and Gentlemen:

Oceaneering International, Inc., a Delaware corporation (“Oceaneering”), has engaged us to render the opinions expressed below in connection with Oceaneering’s offering of $300,000,000 aggregate principal amount of senior notes due February 1, 2028 (the “Notes”), which Oceaneering is offering under the registration statement on Form S-3 (Reg. No. 333-222774) filed by Oceaneering with the Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended (the “Securities Act”), which relates to Oceaneering’s offering and sale of senior debt securities under Rule 415 under the Securities Act. In this letter, “Registration Statement” means that registration statement, when it became effective under the Securities Act.

Oceaneering will issue the Notes under the Senior Indenture dated as of November 21, 2014 between it and Wells Fargo Bank, National Association, as trustee (the “Trustee”), relating to senior debt securities of Oceaneering (the “Base Indenture”), as supplemented by the Second Supplemental Indenture to be dated as of February 6, 2018 between Oceaneering and the Trustee (the “Supplemental Indenture” and, together with the Base Indenture, the “Indenture”).

For purposes of the opinions we express below, we have examined, among other documents, originals or copies, certified or otherwise identified, of the following:

 

    the restated certificate of incorporation and amended and restated bylaws, each as amended to date, of Oceaneering;

 

    the Registration Statement and its exhibits;

 

    the prospectus dated January 30, 2018 included in the Registration Statement (the “Base Prospectus”);

 

    the prospectus supplement dated February 1, 2018 that Oceaneering prepared and filed, together with the Base Prospectus, with the SEC on February 2, 2018 under Rule 424(b)(5) under the Securities Act (the “Prospectus Supplement” and, together with the Base Prospectus, the “Prospectus”);


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Oceaneering International, Inc.

   February 6, 2018

 

    the Base Indenture;

 

    the Supplemental Indenture to be executed and delivered by Oceaneering and the Trustee;

 

    the underwriting agreement dated February 1, 2018 between Oceaneering and Credit Suisse Securities (USA) LLC, as representative of the several underwriters named therein, relating to the offering and sale of the Notes (the “Underwriting Agreement”);

 

    the resolutions of the board of directors of Oceaneering (the “Board”) and a pricing committee of the Board that authorize the issuance of the Notes and approve the terms of the offering and sale of the Notes, including the Supplemental Indenture;

 

    corporate records of Oceaneering, including minute books it has furnished us; and

 

    certificates of public officials and of representatives of Oceaneering.

In giving the opinions set forth herein, we have relied, to the extent we deemed appropriate, with respect to factual matters, on certificates, statements or other representations of officers or other representatives of Oceaneering and of public officials, and we have assumed, without independent investigation, that all signatures on documents we have examined are genuine, all documents submitted to us as originals are authentic, all documents submitted to us as certified or other copies conform to the original copies of those documents and those original copies are authentic.

On the basis of and subject to the assumptions, limitations and qualifications set forth herein, we are of the opinion that the Notes will, when they have been duly executed, authenticated, issued and delivered in accordance with the provisions of the Indenture, and duly purchased and paid for in accordance with the provisions of the Underwriting Agreement, constitute legal, valid and binding obligations of Oceaneering, enforceable against Oceaneering in accordance with their terms, except as that enforcement is subject to the effects of (a) any applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or transfer or other laws relating to or affecting creditors’ rights generally, (b) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law) and comity and (c) public policy, applicable law relating to fiduciary duties and indemnification and any implied covenants of good faith and fair dealing.

We limit the opinions we express above in all respects to matters of the laws of the State of New York, as in effect on the date hereof.

 

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Oceaneering International, Inc.

   February 6, 2018

We hereby consent to the filing of this opinion of counsel as Exhibit 5.1 to Oceaneering’s current report on Form 8-K reporting the offering of the Notes. We also consent to the reference to our firm under the heading “Legal Matters” in the Prospectus. In giving this consent, we do not hereby admit we are in the category of persons whose written consent Section 7 of the Securities Act requires to be filed.

 

Very truly yours,
/s/ Baker Botts L.L.P.

 

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