Civeo Corporation Amends Credit Agreement, Increasing Capacity and Extending Maturity to 2030

Press Release

HOUSTON–Apr. 28, 2026– Civeo Corporation (NYSE:CVEO) announced today that it has amended and extended its credit agreement, which governs the Company’s revolving credit facilities. The amendment extends the maturity date of the credit agreement to April 2030 from August 2028 and increases total revolving credit facility capacity to $285 million from $265 million.

“This amendment further strengthens the Company’s liquidity position and financial flexibility,” said Bradley J. Dodson, Civeo’s President and Chief Executive Officer. “We believe this enhanced credit profile provides Civeo with increased optionality to deploy capital across a range of potentially value-enhancing opportunities, including a growing pipeline of infrastructure-related opportunities in North America, while maintaining balance sheet strength and continuing to execute our share repurchase program. We appreciate the continued support of our lending group.”

Additional information on the terms of the amendment can be found in a separate Current Report on Form 8-K to be filed with the Securities and Exchange Commission today.

About Civeo

Civeo Corporation is a leading provider of hospitality services with prominent market positions in the Australian natural resource regions and the Canadian oil sands. Civeo offers comprehensive solutions for lodging hundreds or thousands of workers with its long-term and temporary accommodations and provides food services, housekeeping, facility management, laundry, water and wastewater treatment, power generation, communications systems, security and logistics services. Civeo currently owns and operates a total of 26 lodges and villages in Australia and North America with an aggregate of approximately 26,500 rooms. In addition, Civeo operates and provides hospitality services at 24 customer-owned locations with approximately 19,500 rooms. Civeo is publicly traded under the symbol CVEO on the New York Stock Exchange. For more information, please visit Civeo’s website at www.civeo.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260428819120/en/

Regan Nielsen
Civeo Corporation
Vice President, Corporate Development & Investor Relations
713-510-2400

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