---
schema_version: "secwatch.filing_event.v1"
accession: "0000866829-23-000022"
form_type: "8-K"
ticker: "HLX"
cik: "0000866829"
company_name: "HELIX ENERGY SOLUTIONS GROUP INC"
filed_at: "2023-06-23T23:59:59+00:00"
generated_at: "2026-06-13T18:40:22.625550+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Helix expands ABL facility by $20M to $120M via accordion feature

## Summary
- Executed Amendment No. 2 on June 23, 2023, increasing aggregate lender commitments from $100M to $120M.
- U.S. commitments rose from $65M to $85M; the facility is secured by certain assets.
- Borrowers include Helix and several subsidiaries; Bank of America acts as agent.
- Proceeds are for general corporate purposes and working capital.

## SEC filing metadata
- accession: 0000866829-23-000022
- form_type: 8-K
- ticker: HLX
- cik: 0000866829
- company_name: HELIX ENERGY SOLUTIONS GROUP INC
- filed_at: 2023-06-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866829/000086682923000022/0000866829-23-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866829/000086682923000022/hlx-20230623x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000866829-23-000022
- JSON: https://secwatch.observer/filing/0000866829-23-000022.json
- Plain text: https://secwatch.observer/filing/0000866829-23-000022.txt

## Key facts
- Debt Financings
  HELIX ENERGY SOLUTIONS GROUP INC amended credit facility of from $100 million to $120 million with Bank of America, N.A..
  - Instrument: credit facility
  - Principal: from $100 million to $120 million
  - Counterparty: Bank of America, N.A.
  - Event: amendment
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/866829/000086682923000022/0000866829-23-000022-index.htm
- Material Agreements
  HELIX ENERGY SOLUTIONS GROUP INC amended Amendment No. 2 to Loan, Security and Guaranty Agreement with Bank of America, N.A. valued at increase U.S. lender commitments from $65 million to $85 million and aggregate lender commitments fr (effective 2023-06-23).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A.
  - Value: increase U.S. lender commitments from $65 million to $85 million and aggregate lender commitments fr
  - Effective: 2023-06-23
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/866829/000086682923000022/0000866829-23-000022-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.