" In 2008 we continued to take actions to position the company for future growth and enhance our financial flexibility . We invested $ 252 million to upgrade and expand our service and product line offerings . Nearly ninety percent of this investment was spent on our ROV and Subsea Products businesses . These two operations offer promising long-term prospects , as they are tied to deepwater and subsea completion activity . We entered into a one-year , unsecured , $ 85 million term loan agreement to augment our existing $ 300 million revolving credit facility . As of December 31 , 2008 , we had $ 229 million of debt and $ 196 million available under our credit facilities .