HELIX ENERGY SOLUTIONS GROUP INC (HLX): debt financing — Helix expands ABL facility by $20M to $120M via accordion feature

The Second Amendment amends certain provisions under the ABL Facility to, among other things, exercise an accordion feature to increase the U.S. lender commitments under the ABL Facility from $65 million to $85 million and the aggregate lender commitments under the ABL Facility from $100 million to $120 million.

On June 23, 2023, Helix Energy Solutions Group, Inc. (“Helix” or the “Company”), Helix Well Ops Inc., Helix Robotics Solutions, Inc., Deepwater Abandonment Alternatives, Inc., Alliance Offshore, L.L.C., Triton Diving Services, LLC, Alliance Energy Services, LLC, Helix Well Ops (U.K.) Limited and Helix Robotics Solutions Limited (collectively, the “Borrowers”), the guarantors party thereto, the lenders party thereto and Bank of America, N.A., as agent (the “Agent”) and security trustee for the lenders, entered into Amendment No. 2 to Loan, Security and Guaranty Agreement (the “Second Amendment”) to the existing Loan, Security and Guaranty Agreement dated as of September 30, 2021 (the “ABL Facility”) among the Borrowers, the guarantors party thereto, the lenders party thereto and the Agent, as previously amended.