Helix completes $120M acquisition of Alliance group; ABL facility upsized to $100M

HELIX ENERGY SOLUTIONS GROUP INC

Acquired all equity of Alliance for approx. $120M in cash from cash on hand; subject to post-closing adjustments.
Seller eligible for potential earn-out consideration payable in 2024 based on 2022-2023 financial metrics.
ABL facility commitments increased from $80M to $100M; U.S. commitments from $45M to $65M.
ABL amendment transitioned from LIBOR to Term SOFR and added ESG pricing adjustment.

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