secwatch.observer — SEC 8-K summary
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Issuer:     HELIX ENERGY SOLUTIONS GROUP INC (HLX)
CIK:        0000866829
Form:       8-K
Filed at:   2022-07-01T23:59:59+00:00
Accession:  0000866829-22-000014
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866829/000086682922000014/0000866829-22-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866829/000086682922000014/hlx-20220701x8k.htm
  HTML page:      https://secwatch.observer/filing/0000866829-22-000014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer