Helix Energy retires all 6.75% convertible notes due 2026; pays $60.2M in cash

HELIX ENERGY SOLUTIONS GROUP INC

Redeemed $0.3M principal & settled conversions of $39.9M principal at $1,127.78 per $1,000 note.
Aggregate cash payment of ~$60.2M for converted notes; no 2026 Notes remain outstanding.
Indenture satisfied and discharged following redemption and settlement.
Terminated all remaining capped call transactions entered with the 2026 Notes issuance.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

HELIX ENERGY SOLUTIONS GROUP INC terminated Indenture with The Bank of New York Mellon Trust Company, N.A. (effective 2024-03-20).

Action: termination
Agreement: notes offering
Counterparty: The Bank of New York Mellon Trust Company, N.A.
Effective: 2024-03-20

Exact text from the filing

Following the redemption and settlement of the conversions, there were no 2026 Notes outstanding under the Indenture, and the Indenture was satisfied and discharged in accordance with its terms.

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Source: SEC EDGAR

accession 0000866829-24-000013

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